Spend Matters

AUGUST 19, 2024

to provide deep and accurate insights and auto-costing that can be used on the buyer side to influence design decisions and on the supplier side to attract and develop business. This content is for members only. Visit the site and log in/register to read.

Category management 120

Category management Buyers Influencing Sourcing 120

Sourcing and Supply Chain

JUNE 24, 2021

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. It results in specialization in category for a buyer and ends up in a better deal with saving time, resources, and money.

Category management 52

Category management Management Procurement Market analysis 52

Positive Purchasing

MAY 19, 2022

Philip Ideson, former procurement delivery leader for Accenture and creator of Art of Procurement , the #1 weekly procurement podcast, explores whether category management remains an essential function for procurement organizations – or not. Only procurement thinks of products and services as categories, and that is okay.

Category management 52

Category management Management Procurement Strategy 52

Spend Matters

OCTOBER 24, 2024

It uses its AI-backed cost analytics to support direct materials management and category management. Typical end users are strategic procurement experts, cost engineers, buyers and category managers. What is COVALYZE COVALYZE offers deep parts analysis (price/cost-focused) for direct materials.

Raw materials 114

Raw materials Category management Buyers Price 114

Spend Matters

JANUARY 10, 2024

Many category managers and buyers struggle with data transparency and aggregation. To potential buyers — Covalyze can save category managers and buyers significant time and money, as it takes away many of the manual processes historically required of these roles. This content is for members only.

Raw materials 104

Raw materials Category management Buyers Price 104

Procurement Leaders

JUNE 20, 2023

The maturity of individual categories can also be a function of buyer capabilities and stakeholders’ appreciation of procurement’s value. Even if a category is gifted by the most forward-thinking buyer at the tiller, if the business ignores their skill and avoids the process, then progress is unlikely to be made.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Supply Chain Game Changer

NOVEMBER 23, 2018

First I’d like to establish some clarity around the title for this blog post in which we use the phrase “Commodity Management” Commodity Management is meant to encompass all of the strategic activities and responsibilities that go in to the process of buying raw materials. All Rights Reserved.

Category management 61

Category management Strategy Raw materials Management 61

Spend Matters

JULY 1, 2024

To potential buyers — ProcureVue’s analytics is particularly granular and built to be useful for direct materials and category managers in addition to functions looking for broader spend analytics. It can process both direct and indirect spend granularly down to the individual transaction level. This content is for members only.

Market analysis 120

Market analysis Category management Buyers Data 120

Skill Dynamics

JANUARY 14, 2025

Category Management Category management refers to the focused management of individual aspects of your procurement process. This systematic segmentation of your key areas allows you to identify areas for consolidation and ultimately drive bottom-line efficiency.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

CPO Rising

MARCH 11, 2024

When I started in procurement in what feels like way too many years ago, it was as a buyer. A few years later I got a new title, strategic buyer! Since then, it feels like the term “strategic buyer” has been replaced by category manager, but […] Nothing actually changed but I got a fancier title.

Category management 40

Category management Management Buyers Procurement 40

Procurement Heads

NOVEMBER 15, 2022

I then managed to get my first category which was a Christmas packaging portfolio, buying all of those Victoria Tins and Twiglets caddies and stuff like that. I saw an opportunity there for a plastics Buyer which was part of my portfolio background at United Biscuits. The key was to show them their worth straight away.

Raw materials 246

Raw materials Buyers Price Procurement 246

Spend Matters

MARCH 11, 2024

It is especially important for midsize to large public institutions or private sector companies that don’t have the luxury of a large procurement team but still need to manage spend in the most efficient and effective manner. It is exactly the kind of challenge that VORTAL addresses.

Procurement solutions 120

Procurement solutions Sourcing Procurement Market analysis 120

Art of Procurement

NOVEMBER 1, 2022

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Intermodal Container Rental appeared first on Art of Procurement.

Buyers 52

Buyers Procurement Category management Contract 52

Art of Procurement

AUGUST 23, 2022

The AOP Buyer Power Score is a content offering created in partnership with ProcurementIQ that rates the balance of power. The post Buyer Power Score – Trade Show Displays appeared first on Art of Procurement.

Buyers 52

Buyers Procurement Category management Contract 52

Spend Matters

OCTOBER 17, 2024

The tool’s typical end users are commodity buyers and procurement leadership in manufacturing companies. Its cost savings toolbox and procurement performance management module ensure the tool is fit for strategic purposes.

Category management 116

Category management Sourcing Data Bill of materials 116

Procurement Heads

FEBRUARY 22, 2023

The Procurement and Vendor Management function is responsible for the entire sourcing lifecycle from source to pay within Zurich. As buyers and customers, we have loud voices and should use our influence for good. What are the roles and responsibilities that the procurement function holds within your organisation?

Sustainability 246

Sustainability Influencing Suppliers Supply chain 246

ivalua

FEBRUARY 8, 2023

Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers. is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management. Create speed and transparency.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Jaggaer

FEBRUARY 20, 2025

Category management: Whereas spend management aims to depict the entire landscape, category management fills in the detail for each major spend category. Category management segments your expenditure into areas which contain similar or related products.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Spend Matters

OCTOBER 24, 2024

These start-ups are taking technology further than most to address problems not previously solved, or are introducing a new category of automation that tackles new challenges in interesting ways. We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices.

e2e 122

e2e Data interpretation Buyers Data 122

Spend Matters

MARCH 12, 2025

Heres why Forestreet matters: To the market Forestreet supports supplier instant discovery with a focus on market and category-based discovery to identify key capabilities and suppliers able to deliver them. Forestreet empowers such a capability with instant intelligence from ad-hoc scouting requests.

Suppliers 79

Suppliers Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency 79

Procurement Software

MARCH 16, 2025

Furthermore, Procure-to-Pay (P2P) , e-Sourcing and Supplier Relationship Management (SRM) apps often contain supplier portals. Three-way communication between Buyers, Stakeholders and Suppliers avoids the need for unnecessary emails. Digital procurement tools are the enabler to free up time for these.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

AUGUST 22, 2023

So it’s the buyer’s job to understand the cost structure of the category they are buying,” he says. Understanding the cost (and cost drivers) of labor, raw materials, transportation and so on, must be in the remit of the buyer and are a key element in Category Management. See our Design for Supply series.

Raw materials 97

Raw materials Suppliers Buyers Price 97

ivalua

JANUARY 30, 2023

You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level. Formalize the reporting of Scope 3 emissions, reduction targets, progress, etc.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

You need emission data that will allow category managers and buyers to report emissions tied to their organization’s purchasing activity at a category or product level. Formalize the reporting of Scope 3 emissions, reduction targets, progress, etc.

Procurement 130

Procurement Category management Suppliers Data 130

Spend Matters

SEPTEMBER 28, 2022

Categories: Category Management , Procurement Systems & Architecture , Supply Chain , Supply Chain Management , Supply Risk Management Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Interos, a supply chain risk management (SCRM) solution built to map and model a live global view of a company’s business ecosystem.

Risk management 98

Risk management Risk Supply chain Management 98

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

ivalua

MARCH 28, 2019

Outside the technology field, we have also seen “science” come to the fore in terms of codifying processes such as Category Management. There may be different models in use, but there is a pretty well-accepted logical methodology behind how organisations approach their management of major spend areas.

Procurement 167

Procurement Agile and Lean Supply Chain Real-time Visibility Innovation 167

Procurement Tactics

AUGUST 25, 2022

He has been with Fannie Mae, the Federal National Mortgage Association, for nine years where he currently leads the strategic sourcing and category management group addressing a $5 billion spend portfolio. . Her company, Tealbook, is a supplier intelligence platform with the power to change the way buyers obtain supplier data.

Procurement 231

Procurement Supply Chain Optimization supply chain budgeting Agile and Lean Supply Chain 231

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 98

Strategy Strategic sourcing Strategic sourcing Management 98

Spend Matters

JANUARY 11, 2023

The solution’s flexibility extends to other use cases like category management and innovation which benefit from capturing relevant news and information, thus setting Owlin apart from other SxM/Risk Management solutions. to provide outside-in and contextual insights.

Risk 98

Risk Data Category management Buyers 98

Procurement Heads

MARCH 27, 2023

We’re a centralised indirects procurement team with category management being introduced where it can in order to support the parts of the business where we need subject specialism. New procurement regulations for those of us in the public sector are going to be affecting both buyers and suppliers.

Sustainability 246

Sustainability Agile and Lean Supply Chain Influencing Contract 246

Spend Matters

JUNE 21, 2023

But over the next 20 years, we gradually saw clearer regulation and guidance about the use of these important tools for public sector buyers. Frameworks became a useful tool, saving time, resources and money, because buyers did not have to run an entirely new, advertised and open process every time they wished to make a purchase.

Buyers 98

Buyers supply chain budgeting Suppliers Contract 98

The Good Spending

JANUARY 4, 2023

Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. New dimensions of the category analysis Therefore, let’s suggest additional dimensions of category analysis. Project procurement should be fast!

Strategic sourcing 97

Strategic sourcing Strategic sourcing Agile and Lean Supply Chain Category management 97

Jaggaer

FEBRUARY 5, 2025

It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. How Has Strategic Sourcing Evolved? However, whats really missing hereneeds analysis.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing supply chain software solutions 52

Jaggaer

MARCH 19, 2025

This non-financial information, together with what you decided in your category management strategy, will help determine your sourcing decisions, enabling you to base them on total value of ownership as opposed to commercial factors alone.

Contract management 52

Contract management supply chain budgeting Sustainability Influencing 52

Spend Matters

DECEMBER 15, 2023

In addition to upskilling procurement professionals, from buyers to category managers, in digital processes and technology, procurement leaders will need to hone in on the strategic aspects of procurement that are core to humans and continue to invest/upskill in those areas as well.

Procurement solutions 113

Procurement solutions Procurement Agile and Lean Supply Chain Contract 113

ivalua

APRIL 12, 2019

Paul agreed, saying that AI would not replace what humans do but would add intelligence and enable buyers to focus on more added value activities. But much of the talk had been around transactional or analytical work – did the panel see the scope for AI supporting more strategic work, such as category management and sourcing?

Procurement team 176

Procurement team Data Contract Suppliers 176