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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management Software What is Category Management in Procurement? Using category management software is ideal as it creates visibility and efficient management. To have an efficient supply chain system, category management through efficient supplier management is important to achieving this objective.

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From CPO to Advising Startups – Joanna Martinez from Supply Chain Advisors

The Procuretech Podcast

From CPO to Advising Startups - Joanna Martinez from Supply Chain Advisors. Her mission is to help individuals and businesses understand technology, improve processes and align with stakeholders. She spent the first third of her career in supply chain roles for Johnson and Johnson. That's the Holy Grail, isn't it?

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The State of Procuretech address – Solo episode with James Meads

The Procuretech Podcast

Throughout the episode, the importance of effective change management and stakeholder engagement in procurement is underscored, emphasising the need for improved strategies and communication in the field. 00:22:03] Tech companies cutting marketing budget. [00:25:48] 00:22:03] Tech companies cutting marketing budget. [00:25:48]

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement differs from purchasing in a few key ways: Strategic focus : Procurement has a strategic, long-term focus on analyzing spend, reducing costs, managing supplier relationships, and mitigating risk. In summary, procurement is a strategic function focused on maximizing value, reducing costs, and building competitive advantage.

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The Discovery of Procurement Value

The Good Spending

Value creation as the result of stakeholder engagement The authors of Stakeholder Salience model built their work around the process of value creation. The fight for discounts will lead to applying either of three project management levers - Time, Budget, or Scope - and the inevitable quality deterioration. Moderation.

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Future of Procurement: My Fit For 2030 Blueprint

Procurement Software

While on the other hand we must equip our teams to tackle sustainability, geopolitical instability and ensuing supply chain disruptions. So, let’s assume that we’re probably not going to get additional budget for more people or tech investments. And how would I spend that total $1 million budget differently?

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The Comprehensive Guide to Spend Analysis in Healthcare

Empowering CPO

Spend analysis refers to the process of examining and categorizing an organization’s spending patterns, supplier relationships, and purchasing behavior to identify opportunities for cost reduction, process improvement, and strategic decision-making. Supplier Collaboration: Spend analysis fosters collaboration with key suppliers.