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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. Value is usually secured via three implementation routes – internal business change, supplier management and sourcing.

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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

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. When I was young I thought I had a somewhat clearer understanding of what my Dad’s Purchasing job was.

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Strategic sourcing: Improve your buying power

TYA Suite

It involves carefully selecting suppliers based on several factors like quality, price, reliability, and how well the supplier can meet the company's long-term needs. It evaluates how suppliers can provide benefits over time, such as consistent quality, innovation, and support for the company’s future growth.