Remove Supply Chain Optimization Remove supply chain software solutions Remove Supply market
article thumbnail

Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category Management Software What is Category Management in Procurement? Steps to Keep in Mind when Implementing a Category Management Strategy Know your supply market and product positioning to leverage spending and create opportunities. Use appropriate technology to manage the categories.

article thumbnail

Let’s Get Digital: Introducing your Source-to-Pay Guide

ivalua

By gaining visibility into spending patterns, demand, supplier performance, and supply markets–opportunities will be uncovered. Spend under management: S2P software can help procurement teams better manage the percentage of company spend that is under contract and under management.

Sourcing 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Purchasing problems: 10 common challenges every purchasing manager faces

Procurify

Companies that adapt to supply chain volatility can swim against the tide. . With the current state of supply chains, purchasing managers need transparent market and supplier intelligence. A lack of supply market and supplier visibility impacts company spending, negotiations, supplier partnerships, and more.

article thumbnail

SAP Spend Connect – See the bigger picture

Spend Matters

Beroe for supply market intelligence) that’s woven into the solutions to enhance better decision making. The 2024 roadmap does however have some interesting focus beyond GenAI to also include spend channel optimization, exception handling (with feedback/learning) and other areas.

article thumbnail

Managed Procurement Services: A Strategic Approach to Cost Reduction

Empowering CPO

This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs. It plays a vital role in ensuring smooth operational continuity by securing the required resources and managing the supply chain effectively.