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Expanding the influence and impact of Procurement

Spend Matters

The procurement leadership team fully supported and embraced the implementation of these new tools and their individual leadership and commitment created a lot of positive momentum and stakeholder engagement. For the third piece of tech, a contract management system, the Legal Department was a strong ally.

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Five Fundamental Principles of Category Management

Barkers Procurement

To manage categories successfully, you should respect several major principles of the practice: cross functional working, the use of facts and data, a strong supply market knowledge, open-ness to change and stakeholder engagement. Strong supply market knowledge. Stakeholder engagement.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Well, in-depth knowledge of the supply market will inform the best category management strategy. Prudent and proper stakeholder engagement and management.

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Category management will fail if procurement and business stakeholders do not collaborate to agree a pipeline of projects

Future Purchasing

Learnings : Review learnings from previous years’ category management activities with stakeholders and use them to drive improvement. Supply Market Analysis : Segment the supply market and understand how current and potential suppliers serve current categories and emerging requirements.

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Procurement Challenges Condensed

Claritum

Corporate Social Responsibility (including Ethical, green and sustainable supply). Market Intelligence. Stakeholder engagement. Cost (value) management. Effective procurement data analytics. Process Optimisation. Risk Management. Strategic alignment to the Business goals.