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Category management is much more than strategic sourcing

Future Purchasing

It creates cost efficiencies across spend categories and minimises supply risks through improved supplier selection. Data gathering focuses on spend analysis and supply market research. Commercial teams take the lead and have intermittent touch-points with business stakeholders.

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What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

Supply Chain Opz defines Procurement as follows: “ Procurement refers to the participation in the development of requirements and their specifications; managing value analysis activities; conducting supply market research; managing supplier negotiations; conducting traditional buying activities; administering purchase contracts; managing supplier (..)