ProcurePort

JUNE 8, 2021

What does it take to be successful with category management? How can procurement managers know that their strategies are working? Procurement leaders within organizations are not unaware of the importance of procurement category management. In fact, up to 96% of CPOs view category management as a top 3 priority.

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ProcurePort

FEBRUARY 23, 2022

Category management (purchasing) in procurement refers to the grouping of related spend items together with a view of finding value opportunities. Categories can be vendors, country of origin, price, volume, or even frequency of purchase. Managers need to constantly minimize internal costs of […].

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ProcurePort

JUNE 17, 2021

The post Benefits of Category Management in Supply Chain appeared first on ProcurePort Blog. While we’ve certainly made recent strides and are getting closer to the other side of the COVID-19 pandemic, there’s a lot we can learn looking back over the past year, especially in […].

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ProcurePort

JULY 1, 2021

The post How to Improve Strategic Sourcing with Category Management appeared first on ProcurePort Blog. This is because there are certain tactics that pair well together, and when done correctly, each is elevated by the presence of the other.

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ProcurePort

APRIL 13, 2021

Two of the most common supplier-management strategies in the history of procurement are category management and strategic sourcing. The post Category Management vs Strategic Sourcing – Breaking Down the Differences appeared first on ProcurePort Blog. Both are valid options of developing […].

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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. With so many interpretations what is the official category […].

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Procurement Foundry

JULY 18, 2022

Category management today has evolved, and it now requires category managers to fulfill multiple roles—more than ever. So, what exactly are these roles, and how can you, as a category manager, know that you’re hitting the mark?

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Barkers Procurement

JANUARY 8, 2023

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. This makes being open to change indispensable in category management. Find out more.

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Procurement Foundry

JULY 18, 2022

If you are a category manager—or are aspiring to be an excellent one in the future—you likely already know how critical it is to stay on top of your game. We provide you with a quick outline of three of the most crucial category management tips today. How do you do this?

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Future Purchasing

OCTOBER 4, 2022

Category management is the strategic end-to-end process for managing categories of related supplier spend that aligns business goals and requirements with supply market capability. Effective internal cross-functional working is the foundation of successful category management. Business requirements.

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Zycus Cognitive Procurement

SEPTEMBER 20, 2022

As the world continues to change at a rapid pace, category managers will need to be more nimble and adaptable than ever before. As a result, category managers must be prepared for continued evolution in shopping habits and be ready to adjust their strategies accordingly. Stay tuned! Key challenges.

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Future Purchasing

JANUARY 19, 2022

The application of category management is not something that arrives fully formed into our organisations but is a journey in the development of understanding and insights. We could do this ourselves by designing an evaluation approach or adopting available category management benchmarking.

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Art of Procurement

JANUARY 9, 2023

The post [Pod] Navigating the Perfect Storm Using Category Management w/ Stephane Morel appeared first on Art of Procurement. “We have so many priorities to consider. At the same time, we are navigating through the perfect storm.

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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.

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SpendHQ

MARCH 6, 2022

A new way of thinking — and viewing data — could revolutionize the category management function. The post Level Up Your Category Management Control appeared first on SpendHQ. According to Procurious, spend visibility is more critical than ever.

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Procurement Insights

JANUARY 12, 2023

I read several interesting articles recently on the JAGGAER blog regarding category management and technology and the analytical skills required by category managers to extract actionable knowledge. Edwards Demming. To what process am I referring? Data Modernization.

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Art of Procurement

SEPTEMBER 26, 2022

The post [Pod] Improving the Flexibility of your Category Management Skills w/ Steve Trussell appeared first on Art of Procurement. “The first step is answering, ‘What are we trying to accomplish as a company?’ Sometimes that’s the hardest question to.

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Future Purchasing

NOVEMBER 10, 2021

Build category management coaching capability and unlock your team’s full potential. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability. Often overlooked, however, is the potential for coaching to be used as a management tool from within.

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Jaggaer

JULY 27, 2021

The post The Golden Rules of Category Management Strategy appeared first on JAGGAER.

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Future Purchasing

DECEMBER 21, 2021

It is well worth reflecting on any insights that living through such times provides, with this in mind here are my lessons for category managers for 2021. At a personal level, the need to look after our own well-being, amongst the turmoil of the past twelve months, has stood out as something to try to manage. Looking forward.

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Future Purchasing

DECEMBER 9, 2021

A common challenge area for category teams is understanding the breadth of content that a category management strategy should contain. However, an excellent category management strategy will address many aspects of the business which surround the most effective acquisition and use of a set of products or services.

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The Good Spending

APRIL 10, 2022

The problem with the category management process One of the most significant problems of the category management process is the lack of adaptivity. Once issued and approved, a category strategy hardens over time and transforms from a managerial instrument into a constraint.

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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.

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Jaggaer

SEPTEMBER 1, 2020

When procurement thinks about why they might implement a category management pro cess , the reasons that come to mind are likely to involve more effective management of spend or having increased time to invest in strategic supplier relationships. Evaluating the relevant risks in the supply chain for each category.

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Jaggaer

APRIL 27, 2021

The post From Analytics to Action: The Technology Side of Category Management appeared first on JAGGAER.

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Art of Procurement

AUGUST 9, 2022

The post [Pod] Designing an End-to-End Ecosystem Approach to Procurement Part 2: Category Management appeared first on Art of Procurement. “Digital products become a bedrock of all the processes and the transformation that is taking place in the organization.” –Sanjeev.

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The Good Spending

APRIL 3, 2022

Category management is the brain and spine of strategic procurement. Procurement largely relies on category management in its constant endeavor to transform transactional purchasing into a value-creation machine. Category management is an integral part of the "plan-to-procure" cycle.

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CPO Rising

FEBRUARY 17, 2023

Fridays (in 2023) means that it’s time for another CPO Rising Listicle. Each list will include a variety of procurement tips, trends, insights, research, lists, strategies, and/or recommendations designed to help procurement teams improve operations. We’ll also include a summary graphic for you to share with your team.

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Future Purchasing

OCTOBER 4, 2022

In our recently published FP Category Management Leadership Report 2021-22, 51% of respondents agreed an annual plan of category management projects with their relevant business stakeholders, compared to 39% in 2019-20. The importance of strategic alignment. There are a number of critical elements to consider.

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Supply Chain Game Changer

MARCH 26, 2019

However when I entered the Retail industry the group largely responsible for Procurement, amongst other things, was called Category Management. So what is the difference between Commodity Management and Category Management? Commodity Management. Category Management.

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SpendHQ

AUGUST 10, 2021

The post Merging Internal and External Spend Data for Maximum Cost Savings with Category Management appeared first on SpendHQ.

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Jaggaer

JUNE 1, 2021

The post Overcoming Barriers to Category Management Innovation in Your Supply Base appeared first on JAGGAER.

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Ms. Category Management

MAY 22, 2019

7 (Seven) Fun Facts about Category Managers that you may not have known!

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Jaggaer

JUNE 7, 2019

Defining Category Management. Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Created in the 1980s, category management was originally the process of grouping products into categories based on how consumers used them.

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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.

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Procurement Heads

FEBRUARY 20, 2023

Our clients are predominantly looking for Category Management specialists with excellent category strategy experts who can deliver robust supply chains for ongoing, uninterrupted production. Are you looking to hire a Category Manager? Get in touch with the team here.

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World of Procurement podcast

MAY 7, 2021

I share my views on why I think there's more value to a Service Provider view of Procurement rather than a Category view. Hey World of Procurement Legends, I'm back with a very different type of 5 minute podcast today and I do hope you are enjoying the experimentation I'm undertaking with this Procurement Podcast at present.

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