Buyers, Category management, Strategic sourcing and supply chain software solutions

Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management

Category management Management Supplier relationship management supply chain software solutions

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

FEBRUARY 25, 2021

ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.

supply chain budgeting

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

5 Advantages of Supplier Relationship Management Software

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management

Supplier relationship management supply chain software solutions Suppliers Management

5 Advantages of Supplier Relationship Management Software

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management

Supplier relationship management supply chain software solutions Suppliers Management

How will Generative AI in Procurement impact us?

Procurement Software

MARCH 19, 2024

It will take time before we have dedicated generative AI-driven procurement software. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Let’s look at each one separately.

Procurement

Procurement Category management supply chain software solutions Data

5 Reasons why eAuctions Drive Better Savings

SCMDOJO

APRIL 3, 2022

Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. These reductions are substantiated by eAuctions software providers Cimmra. Macfarlane, 2017).

Supply Chain Efficiency

Supply Chain Efficiency Bidding Procurement team supply chain software solutions

Will AI in Procurement make us all irrelevant?

Procurement Software

MARCH 12, 2024

It will also be able to assist in monitoring supply chain disruptions by being able to quickly summarise foreign language news sources and weather reports. Applying that same curious and can-do mindset can also drive efficiency gains in the daily grind of the average front line strategic procurement role.

Procurement

Procurement Category management supply chain software solutions Data

Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy

JANUARY 18, 2024

Modern Spend Management and Accounts Payable software. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Using a dynamic punchout catalog ensures customers can access data directly from their procurement software, and the data is always correct.

Management

Management Procurement Supplier relationship management Real-time Visibility

How to break a cartel in Reverse Auction process

Empowering CPO

DECEMBER 3, 2020

It is fitting to resolve their queries and concerns, to train them on the company’s sourcing software, promote site visits for them. This will ascertain a stronger buyer-supplier bond with them. This helps achieve higher strategic sourcing project savings and support category management on an ongoing basis.

Chief Procurement Officer

Chief Procurement Officer Bidding Strategic sourcing Strategic sourcing

BCG’s 10 Step Plan for Procurement Excellence

Procurement Software

MAY 23, 2023

Profit from the Source: BCG’s 10 Step Plan to deliver Procurement Excellence It starts off by introducing Tim Cook of Apple as being something of an anomaly. Very few CEOs come from Procurement or Supply Chain. Supply Chain should become one of the top agenda items on board level meetings.

Procurement

Procurement supply chain budgeting Agile and Lean Supply Chain Suppliers

Cost Avoidance: The Invisible Procurement Performance Metric

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement

Procurement supply chain budgeting Price Negotiation

Cost Avoidance: The Invisible Procurement Performance Metric

Procurement Software

MARCH 11, 2022

Despite the movement towards a broader value-driven view of procurement excellence and how we contribute to the wider business (people, planet, profit), the reality is that even though there is a tacit, newly found appreciation that buyers deliver more than just bottom line savings, it often isn’t reflected in their annual objectives.

Procurement

Procurement supply chain budgeting Price Negotiation

How effective Tail Spend Management can drive cost savings

Procurement Software

MARCH 11, 2022

Or it could be an SME that has never really given much thought to how vendors are managed and purchases are controlled. 3) Vendors not actively managed. The biggest vendors are usually managed well. Direct materials that go into the production process are strategically sourced. Eliminate maverick spend.

Spend management

Spend management Management Real-time Visibility Competitive bidding

How effective Tail Spend Management can drive cost savings

Procurement Software

MARCH 11, 2022

Or it could be an SME that has never really given much thought to how vendors are managed and purchases are controlled. 3) Vendors not actively managed. The biggest vendors are usually managed well. Direct materials that go into the production process are strategically sourced. Eliminate maverick spend.

Spend management

Spend management Management Real-time Visibility Competitive bidding

Purchasing & Procurement Zone

Category Management in Procurement: A Comprehensive Overview & Best Practices

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

Trending Sources

5 Advantages of Supplier Relationship Management Software

5 Advantages of Supplier Relationship Management Software

How will Generative AI in Procurement impact us?

5 Reasons why eAuctions Drive Better Savings

Will AI in Procurement make us all irrelevant?

Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

How to break a cartel in Reverse Auction process

BCG’s 10 Step Plan for Procurement Excellence

Cost Avoidance: The Invisible Procurement Performance Metric

Cost Avoidance: The Invisible Procurement Performance Metric

How effective Tail Spend Management can drive cost savings

How effective Tail Spend Management can drive cost savings

Stay Connected