SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization. Read More: What Does a Procurement Manager Do?

Category management 108

Category management Management Supplier relationship management supply chain software solutions 108

Procurement Leaders

MARCH 26, 2024

For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. Part of the explanation was the then famous ‘Toyota Production System’, an approach to organising manufacturing and logistics efficiently and without waste. But does it work?

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. Assessment of the supply market (who offers what?) However, whats really missing hereneeds analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Procurement Tactics

APRIL 17, 2023

Also, it can help improve the company’s financials by using the resources efficiently. Thus, they help you to achieve sustainability by reducing your purchasing impacts through your supply chain. How do these suppliers manage carbon emissions, waste, and water use? Thus, nothing will go to waste. Enroll now!

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

ivalua

JANUARY 31, 2022

During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. The Criticality of the Supply Chain (and Suppliers).

Procurement 130

Procurement supply chain budgeting Agile and Lean Supply Chain supply chain software solutions 130

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. What is Source-to-Pay?

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Una

MARCH 30, 2023

Reporting lines make a difference: if your function happens to report to the CFO, it’s likely that the overriding focus will be on driving savings for the organization through procurement efficiencies and spend compliance. This can help support underrepresented businesses and create a more inclusive supply chain.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Effective internal cross-functional working is the foundation of successful category management. Improvement opportunities.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurement Heads

APRIL 26, 2023

I studied procurement and obtained a Master’s degree in supply chain and international procurement. Since I graduated, I’ve always worked in procurement and supply chain across both indirect and direct categories, across different geographies and also worked as a Consultant delivering transformational projects.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Efficiency Sustainability Risk management 130

Procurify

JULY 20, 2022

If you are a purchasing manager struggling to meet your saving targets, you’re not alone. . Technological advancements are also rapidly changing the responsibilities of purchasing managers. . So, what are the common challenges purchasing managers face today, and how can they address them? Risk management and mitigation.

Purchasing 52

Purchasing Management Supply Chain Efficiency supply chain software solutions 52

ivalua

OCTOBER 1, 2019

Peter Smith, Managing Director at Procurement Excellence Ltd. Effectiveness is a better word than “efficiency”, of course. Indeed, they are becoming as much part of the Procurement play-book as “cost savings” and “stock management”. . Effectiveness covers what we might consider the traditional aspects of Procurement.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

Spend Matters

MARCH 27, 2024

So where and how is this great leveller of procurement effectiveness being used in the real world (the practical) and how is it viewed by the CPOs and heads of procurement and supply chain who are on the front line fighting the daily efficiency battle. It may be more likely that humans with AI will replace humans without AI.”

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

SCMDOJO

FEBRUARY 13, 2023

This department manages the selection, acquisition, and payment of goods and services needed to run a business. To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Spend Matters

NOVEMBER 2, 2023

Travel and Expense management leveraging SAP Concur is an easy plug in for travel spend management and all spend flowing through expense reporting. As they stated: “SAP will also embed Joule, its new generative AI copilot, throughout its cloud enterprise portfolio, with availability in SAP spend management solutions planned for 2024.

Networking 114

Networking Spend management Suppliers Supply Chain Optimization 114

Planergy

AUGUST 16, 2022

How better management in AP can give you better flexibility for cash flow management. Supplier Development: What It Is, And How To Manage It. Best Practices & Tips Supplier Performance Supplier Relationship Management. Download Free Copy. Written by. Rob Biedron. 15 min read. Download PDF.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

ivalua

NOVEMBER 27, 2019

Doug Keeley, Product Marketing Manager, Ivalua. That creates the opportunity to introduce new suppliers and pricing models, opening the door to greater efficiency and a true competition of ideas. If there isn’t a category expert in house, then the Sourcing process starts with learning.

Strategic sourcing 113

Strategic sourcing Strategic sourcing Sourcing Suppliers 113

Supply Chain Game Changer

NOVEMBER 13, 2018

Drive a thorough understanding of both the supply market and internal company requirements. The process of strategic sourcing starts with spends analysis and category management, which identifies, consolidates and standardises information from a wide range of data sources. Deliver significant earnings to bottom line.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Sourcing and Supply Chain

JUNE 24, 2021

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. Strategic Category Management is simply category management in a strategic context. Process for Category Management.

Category management 52

Category management Management Procurement Market analysis 52

Jaggaer

JULY 23, 2019

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. Supply chains are multi-tiered and therefore difficult to manage.

Suppliers 40

Suppliers Sourcing Management Supply Chain Efficiency 40

Empowering CPO

JULY 2, 2023

Introduction Welcome to our latest discussion on a crucial facet of business operations: Managed Procurement Services. If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Heads

DECEMBER 16, 2022

The management and the role have grown from a simple purchaser of goods into a more modern and more mature procurement function and I guess I have seen and been part of that over the years. We now support the whole supply chain really from the initial sourcing activity right the way through to contract termination, so the whole lifecycle.

Contract 130

Contract Procurement Sustainability Purchasing 130

Claritum

MARCH 10, 2020

The sourcing of products and/or services within the Category; the management of suppliers associated with the category; and strategic planning for this category. CIPS define category management as: “the entire science of the procurement subject applied to a single genre of expenditure”. “As Supplier and Market research.

Procurement 41

Procurement Supply Chain Efficiency Purchasing Category management 41

Zycus Cognitive Procurement

JANUARY 12, 2021

The process of source to contract starts with analyzing the requirement, developing a sourcing strategy, contract negotiations, contract implementation, and supplier performance management. Supply chains were severely disrupted on a global scale as countries closed their borders. 3] Astute Contract Risk Management.

Contract 52

Contract Sourcing Chief Procurement Officer Contract management 52

Una

JUNE 8, 2023

We need to focus on those that are critical for maintaining a reliable supply chain, optimizing costs, driving innovation, improving efficiency , and supporting strategic objectives. The focus for these items is usually on building strong relationships with suppliers and ensuring a stable supply chain.

Suppliers 52

Suppliers Agile and Lean Supply Chain Supply Chain Efficiency Supply Chain Optimization 52

TYA Suite

NOVEMBER 25, 2024

Strategic-sourcing uses this data to make smarter choices that improve cost efficiency. In the second step, companies use strategic sourcing to research the supplier market. The focus is on long-term partnerships, making relationship management key. Strategic sourcing actively incorporates risk management into the.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 40

Claritum

MARCH 10, 2020

The sourcing of products and/or services within the Category; the management of suppliers associated with the category; and strategic planning for this category. CIPS define category management as: “the entire science of the. As such, a category manager is the ‘CPO of their category’ and carries a weight. From a very close.

Procurement 32

Procurement Supply Chain Efficiency Category management Purchasing 32

Claritum

JUNE 13, 2019

To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain. For example, is your focus on strategic long-term supply relationships to support your manufactured product? Risk Management.

Procurement 32

Procurement Supply Chain Efficiency Raw materials supply chain software solutions 32