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Procurement Category Management for Business

ProcurePort

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. When successfully implemented, the company can gain through lower purchase prices, better relationships with suppliers, agility in logistics, […].

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The New Procurement Reality: Thriving Amid Policy Shifts, Logistics Gaps & Demand Swings

Jaggaer

We need to rewrite these systems and introduce new taxonomies to manage hyper-variability. The third assumption was that the logistics infrastructure would always be available. But during Covid, and other constraints like the Suez Canal closure, we saw what happens when suddenly logistics are not there when needed.

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What’s the Difference Between Commodity Management and Category Management?

Supply Chain Game Changer

For a considerable portion of my career I have worked in the Manufacturing and Logistics/Distribution Industries. In these industries a segment of the Procurement organization is called Commodity Management. So what is the difference between Commodity Management and Category Management? Commodity Management.

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Managing risks, priorities and talent: Nestlé’s approach to the polycrisis

Procurement Leaders

After almost three years spent standing up to the effects of a global pandemic, logistics delays, inflation, scarcity and numerous other challenges, Stroup feels procurement is finally getting the acknowledgement it deserves. Listen to the conversation in full or read highlights, below: Highlights. ” Stroup says.

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Category Management in Practice: A Case of HDPE Pipes

The Good Spending

a weak or strong dollar, local inflation affecting the manpower cost) logistics (e.g., Category managers and analysts must consider all those factors to develop a balanced sourcing strategy. Local logistical costs of HDPE pipes Let's also consider one more HDPE cost-related factor - local logistics.

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What About Procurement Objectives?

Procurement Templates

Implement category management to gain deeper market expertise and create tailored sourcing strategies. Elevate Stakeholder Management Achieve True Integration: Create cross-functional sourcing teams involving R&D, marketing, and logistics.

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Business Performance: The 3 Key Boosters of Procurement

Jaggaer

Procurement teams now include specialists such as category managers with deep market knowledge who drive sourcing events and significantly impact the companys bottom line. Procurement can influence logistics costs through tendering and smart negotiation. Today, its responsibilities go far beyond transactional tasks.