category 
ProcurePort
MARCH 15, 2022
The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. The post Procurement Category Management for Business appeared first on ProcurePort Blog.
Procurement Leaders
JUNE 20, 2023
Every year, Procurement Leaders’ research team explores category planning for the next 12 months. There is a vigorous debate in the world of procurement about the speed at which we transform categories. Some pioneering CPOs launch ‘big bangs’ in which categories are rolled out across the business in one rapid blast.
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ProcurePort
JULY 6, 2022
• Managing product categories is a critical challenge for procurement professionals. Some of the problems experienced in category management include plenty of work, lack of time, dynamic changes, competitive markets, and technical dependencies. Just as lean management optimizes […]. .
ProcurePort
JUNE 16, 2021
According to Gartner, the typical requisition-to-order cycle time for simple categories is just four hours while that of more complex categories is 30 days. Procurement teams are always on the lookout for ways to reduce source-to-pay timeframes, maximize value, mitigate sourcing risk, and efficiently manage to spend.
ProcurePort
DECEMBER 10, 2020
The post Category Management Tactics and Execution appeared first on ProcurePort Blog. However, the greats, the grandmasters and prodigy’s, they all play these matches far, far more quickly than that. See, in the mental landscape of a chess grandmaster, they are likely playing the game 10 or 15, or even 20 moves […].
ProcurePort
SEPTEMBER 17, 2020
Harris, former university professor at the University of Southern California (USC) first coined the term “category management” it was in relation to retail. Today, however, the term has found widespread use across sectors including the procurement industry and adopted a variety of meanings.
ProcurePort
FEBRUARY 25, 2021
The post How an Effective Category Strategy Can Improve Procurement appeared first on ProcurePort Blog. The human brain, on average, is only able to remember between 6 and 9 digits in a sequence when only seeing or hearing that sequence once.
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