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 Tactics

APRIL 17, 2023

Here are some sample questions which we categorized based on the three pillars of sustainability : Environmental Standards Do the suppliers have a certified environmental management system? How do these suppliers manage carbon emissions, waste, and water use? Are their operations sustainable? Enroll now!

Sustainability 182

Sustainability Suppliers Influencing Purchasing 182

Spend Matters

MARCH 11, 2025

This consolidation aimed to make supply chains more resilient. However, the lack of complete visibility and the inability to spot disruptions and manage changes causes some companies to fail. Without awareness of what is happening and without the necessary data to stay informed, companies can’t keep up with all the changes.

Supply Chain Optimization 79

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 79

ivalua

MARCH 28, 2019

Outside the technology field, we have also seen “science” come to the fore in terms of codifying processes such as Category Management. There may be different models in use, but there is a pretty well-accepted logical methodology behind how organisations approach their management of major spend areas.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. Strong supply market knowledge. Below is a look at these principles in more depth.

Category management 52

Category management Management Market knowledge Stakeholder engagement 52

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?) How Has Strategic Sourcing Evolved?

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Spend Matters

OCTOBER 11, 2022

Categories: Category Management , Managed Services , Sponsored Article Tags: Sponsored Article Gone are the days when procurement’s agenda could be contained to a small set of self-selected priorities. Rather, it’s a different kind of platform entirely — one captured by the concept of an “Alt Suite.” Read more. ).

Procurement 98

Procurement Category management Procurement team Risk management 98

Jaggaer

SEPTEMBER 8, 2020

JAGGAER understands the traditional roadblocks to spend management and how important it is to gain insight into operational ineffectiveness in order to improve your sourcing success. Group, or link, your suppliers for better supplier management. A spend analysis allows you to do just that. Step One: Identify. Step Five: Categorize.

Eprocurement 123

Eprocurement Buyers Purchasing Contract 123

Procurement Leaders

MARCH 26, 2024

Managers should aim to establish buyer-supplier relationships in which they can access external knowledge while developing a new product. Close management and supervision of ‘outsourced’ product development tasks, to deliver consistent product architecture and interfaces.

Suppliers 130

Suppliers Product development Supply Chain Efficiency supply chain budgeting 130

Positive Purchasing

MAY 19, 2022

Philip Ideson, former procurement delivery leader for Accenture and creator of Art of Procurement , the #1 weekly procurement podcast, explores whether category management remains an essential function for procurement organizations – or not. And yet, some procurement organizations are reviewing their category management delivery strategy.

Category management 52

Category management Management Procurement Strategy 52

Procurement Leaders

JUNE 20, 2023

These are categories that cover markets that offer uniform goods or services that can be rolled out relatively easily. The business quickly sees the savings and little engagement with complex supply markets is required. Last, and most challenging, are complex indirect categories.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Jaggaer

OCTOBER 24, 2024

Supplier Collaboration vs. Supplier Relationship Management What good is having the best suppliers if you can’t communicate well enough to leverage their products and skills? The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

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. Demand management.

Category management 52

Category management Management Procurement Market analysis 52

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

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

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

Future Purchasing

OCTOBER 4, 2022

In our recently published FP Category Management Leadership Report 2021-22, 51% of respondents agreed an annual plan of category management projects with their relevant business stakeholders, compared to 39% in 2019-20. The importance of strategic alignment. There are a number of critical elements to consider.

Category management 52

Category management Collaboration Real-time Visibility Management 52

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. Quality Quality management is a crucial part of business strategy. Download Free Copy.

Suppliers 52

Suppliers Management supply chain budgeting Supplier relationship management 52

Procurement Tactics

JUNE 7, 2023

Your strategy should at least include the following: Key findings about sustainability risks and opportunities, needs, and the supply market The actions required to manage key sustainability risks The recommended demand-related approach (e.g.

Procurement strategies 171

Procurement strategies Sustainability Strategy Procurement 171

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

Spend Matters

MARCH 27, 2024

We spoke recently with David Schultz , VP, Chief Supply Chain Executive at Westfall Technik Inc. Westfall Technik is a portfolio company of Blackstone; having $1 trillion of assets under management across 2000 companies makes it the largest private equity firm in the world. And as Pierre explained, AI is a supply market.

Procurement 112

Procurement Negotiation Supply Chain Efficiency Supply Chain Optimization 112

ivalua

NOVEMBER 27, 2019

Doug Keeley, Product Marketing Manager, Ivalua. If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. 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

Procurement Heads

APRIL 26, 2023

We manage billions of dollars worth of spend. Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain. We strive to be a data-driven team using innovative digital solutions.

Agile and Lean Supply Chain 130

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

Procurement Heads

APRIL 26, 2023

We manage billions of dollars worth of spend. Therefore, we need to ensure that we have a competitive supply chain, obviously, but more importantly that we drive a safe and sustainable supply chain. We strive to be a data-driven team using innovative digital solutions.

Agile and Lean Supply Chain 130

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

ivalua

OCTOBER 1, 2019

Peter Smith, Managing Director at Procurement Excellence Ltd. The task of processing thousands of purchase orders may be executed “efficiently”, but there may well be more effective ways of managing this need – for instance, users having access to online guided buying catalogues.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Procurement Innovation Supply Chain Efficiency 100

Procurement Leaders

JUNE 13, 2022

To directly address the impact on suppliers delivering these critical works, the Procurement & Supply Chain function requires visibility deep into multi-tier supply chains. To address supply chain transparency, a new initiative, “SCM+”, was developed in the second quarter of 2021. Develop the supply chain.

Supply Chain Efficiency 130

Supply Chain Efficiency Supply chain Contract Supply 130

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. Since then, it has grown to take on more responsibility for some of the kind of technical side of things and take on more downstream responsibilities.

Contract 130

Contract Procurement Sustainability Purchasing 130

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

Una

MARCH 30, 2023

That being said, here are some areas for procurement to consider focusing upon beyond cost reduction: Supplier relationship management (SRM) Procurement can focus on building strong relationships with suppliers to improve communication, collaboration, and transparency.

Procurement 104

Procurement Supply Chain Efficiency Procurement team Sustainability 104

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

Procurement Insights

JULY 22, 2024

In 1983, Peter Kraljic introduced his matrix in an HBR article , Purchasing Must Become Supply Management. Threats of resource depletion and raw materials scarcity, political turbulence, and government intervention in supply markets intensified competition and accelerating technological change have ended the days of no surprises.

Raw materials 52

Raw materials Purchasing Supply market Supply management 52

Una

NOVEMBER 7, 2022

While a supplier may not be the cheapest option on the market, they may be the most innovative and have the potential to drive much more profit over the long term than you will have saved in the short term by choosing a more affordable supplier. Vendor Management and Mitigating IT Supplier Risk. Run innovation workshops. Related Posts.

Innovation 93

Innovation Procurement Suppliers Purchasing 93

Supply Chain Opz

APRIL 16, 2015

This helps cutting down on a delay in response, especially during supply chain disruptions (7) Develop Contingency Plan : a classic case study of a contingency plan is a case of fire of Philips facility in New Mexico in March 2000. Nokia who had a contingency plan managed to locate 2 new suppliers and the new lead-time was only 5 days.

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain Supply chain Raw materials Supply 86

Supply Chain Game Changer

SEPTEMBER 13, 2022

The electrical supplies markets, with their global dependencies, were hit hard. As a contractor, you will need innovative strategies to navigate the resulting supply chain challenges. The markets are fueled by fear at present. Electrical Supply Chain article and permission to publish here provided by Jeff Golden.

Price 85

Price Supply chain Supply Raw materials 85

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

Supply Chain Game Changer

NOVEMBER 24, 2018

Check out What Exactly Is Supply Chain Management? His job involved buying, negotiating, contracts, overseas travel, sourcing, suppliers, parts, services, managing, supplier qualification, product qualification, terms and conditions, quality issues and delivery problems. Subscribe Here! Email Address. 10 Different Definitions!

Purchasing 62

Purchasing Procurement Purchase orders Supply Chain Optimization 62