article thumbnail

Category management is much more than strategic sourcing

Future Purchasing

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. Business requirements.

article thumbnail

What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

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!

article thumbnail

Strategic sourcing: Improve your buying power

TYA Suite

The focus is on long-term partnerships, making relationship management key. When companies and suppliers work closely together, they can create more value, solve problems faster, and adapt to changes in the market. Strategic sourcing actively incorporates risk management into the.