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The procurementcategorymanagement process is the intentional action by a company to divide its procurement spend into segments with related items. The post ProcurementCategoryManagement for Business appeared first on ProcurePort Blog.
Coupa announced during its Inspire 2025 event that it has acquired Cirtuo, a provider of categorymanagement (CatMan) software. The move addresses a long-standing gap in many procurement technology offerings: helping teams define and manageprocurement strategies, rather than just executing sourcing events.
The post CategoryManagement 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 […].
Ongoing training is important for procurement teams to keep up with the constantly evolving and advancing procurement tech and services landscape, specifically in niche areas such as categorymanagement, supplier management, negotiation and strategic sourcing and in the broader areas of change management and leadership.
The procurement and supply chain categorymanagement landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. To prepare for all eventualities, grab your copy of the GEP Spend Category Outlook Report 2025.
It’s been a very long time since I’ve had to consider about procurement objectives. Here are some typical procurement objectives that every procurement professional should consider. Process Efficiency: Streamline procurement processes through automation, reducing lead times and operational costs.
Categorymanagement is the process of pulling together similar products in a single category; and then addressing all the diverse initiatives of a single category as a whole. The initiatives captured in a particular category may include merchandising, procurement process, retail, and sales efforts.
• Managing product categories is a critical challenge for procurement professionals. Some of the problems experienced in categorymanagement include plenty of work, lack of time, dynamic changes, competitive markets, and technical dependencies. Just as lean management optimizes […]. .
As weve said: People, Process and Technology are the pillars of procurement transformation. So a large part of accelerating your procurement transformation process lies in strengthening roles and responsibilities. In procurement, these MVPs are the professionals driving smarter and more sustainable purchasing decisions.
A Fortune 500 CPG company partnered with GEP to improve end-to-end categorymanagement, optimize direct spend categories, and increase strategic focus on tail spend. This is essential reading for all procurement and supply chain leaders.
Procurement solutions, while basically universal, are also extremely unique from business to business and organization to organization. Even within the same market or industry; businesses make use of extremely individualized procurement solutions for a variety of reasons. The post What is CategoryManagement?
In this week’s episode of the Art of Procurement podcast, Philip Ideson welcomed the first guest of 2023: Stephane Morel, The post Applying CategoryManagement to the Challenges of a New Age appeared first on Art of Procurement.
What does it take to be successful with categorymanagement? How can procurementmanagers know that their strategies are working? Procurement leaders within organizations are not unaware of the importance of procurementcategorymanagement. So, what are some of the […].
In the paper, "Three Mistakes Executives Make in CategoryManagement", we explore what you should and should not be doing, provide key questions for Procurement to consider, and share a capabilities checklist for categorymanagement to deliver on its promise.
Categorymanagement is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.
When it comes to procurement efforts there is an entire library of information on tactics, strategies, and practices. Two of the most common supplier-management strategies in the history of procurement are categorymanagement and strategic sourcing. Both are valid options of developing […].
The strategies and tactics that procurement professionals develop and choose to implement often affect one another. The post How to Improve Strategic Sourcing with CategoryManagement appeared first on ProcurePort Blog. Constructing a strategy out of complimentary tactics, then, is a good way to optimize value […].
Categorymanagement (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 […].
18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details → Or receive our famous weekly newsletter Strategic Procurement — Everything You Should Know Strategic procurement allows businesses to meet the demand of the current procurement landscape by making sense of the data and automating the procurement process.
As many procurement professionals have discovered, transforming your processes to meet todays challenges in an effective manner is not as simple as writing a new mission statement. The success of the Procurement team at Utz Brands, Inc. , The success of the Procurement team at Utz Brands, Inc. ,
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supply chain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Get to know all the procurement tech providers that made our lists this year. We are delighted to introduce you to our Future 5 as we capture their voices.
This Spend Matters Vendor Analysis gives an overview of Positive Purchasing’s Capella, a category strategy management solution. Despite being a discipline at the center of many procurement discussions, many organizations fail to execute CategoryManagement (CatMan) in the most efficient or effective way.
SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
Procurement is often an overlooked area within organizations, working behind the scenes to ensure businesses have the goods and services they need to operate at their best. Considering its importance, it makes sense that modern procurement teams have a structured approach to developing essential skills and capabilities.
As a result, many procurement and supply chain teams have built muscle memory around responding swiftly and decisively to regulatory changes. To help procurement professionals respond effectively, Spend Matters has two complementary resources.
33 Procurement Interview Questions in 2022. Procurement Speakers 2022 – 10 Most Popular Experts. Procurement speakers share their knowledge to inspire people in procurement that they are making a difference in the world. However, not all in the field of procurement are updated as they are more focused on their work. .
33 Procurement Interview Questions in 2023. Sustainable Procurement Analysis — The Ultimate Guide. Procurement analysis is used to collect and analyze data for businesses to gain insights and make informed decisions. In this article, we will discuss what sustainable procurement analysis is. Download Whitepaper →. .
Digital procurement tools offer both immediate benefits and long-term returns. Below are ten areas where digital procurement can deliver almost immediate improvements. Better Data One of the biggest advantages of digitising your procurement operations is improved data quality.
A procurement playbook is a comprehensive document or set of guidelines that outlines the processes, procedures, best practices, and standards for managingprocurement activities within an organization. It serves as a reference guide for procurement professionals and other stakeholders involved in purchasing goods and services.
Procurement has the once-in-a-lifetime opportunity to evolve into a strategic powerhouse. Likewise, you could have a progressive organization who values and understands the contribution procurement could make. But then you blow this by futzing around trying to be a cheapskate and running procurement ops in ERP.
As we move towards a new decade is the emphasis in the procurement world changing – are we going to see a new age, where the Art of Procurement comes to the fore? Technology has radically changed procurement activities and procurement roles across virtually all our spheres of activity.
At 2018’s Sourcing Outlook we had the honor of having Bonava ’s CPO, Mia Lewis, host a roundtable on starting a completely new Procurement organization from scratch. During the active discussion many points were brought up that I believe can be helpful for any Procurement organization, old or new, that is looking for inspiration in 2019.
By Jonathan OBrien with Stphane Morel In the ever-evolving landscape of procurement and supply chain management, categorymanagement remains a cornerstone. However, as technology advances and digital solutions become more integrated, the approach to categorymanagement is also transforming.
The top of the agenda for procurement is to deliver decarbonisation, particularly through Scope 2 emissions (indirect from purchased energy) and Scope 3 emissions (indirect from purchased materials and services). It is rightly argued that Scope 2 and 3 emissions should be controlled and targeted by procurement functions within organisations.
For the latest in Procurement Heads ‘ CPO Spotlight series, he spoke with James Dobbin about how he got into procurement, some of the trends he’s seeing in the financial and procurement space and whether the pandemic has pushed us closer to a cashless society. How did you get into procurement?
Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. It is now a matter of planning the procurement system and the supply management system outside-in and then look at the true demand to minimize the latency.
Procleus, Capella and Ruby Named Top Software Solutions For Mid-Market Business In the bustling landscape of procurement technology, our suite of digital platforms including Procleus, Capella and Ruby, have earned a prominent spot on ProcurementSoftware.site ‘s Procurement Tech Map for mid-market businesses.
Best practice financial services procurement capabilities now available for rapid deployment. Redwood City, CA June 25, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged suite of solutions for financial services.
Procurement Heads’ Head of Industrial Practice Dan Goodson explores the obstacles encountered in these sectors and the scarcity of qualified candidates following the recruitment boom. Companies are specifically seeking CategoryManagement specialists with expertise in developing robust supply chains to ensure uninterrupted production.
Ivalua’s new Environmental Impact Center empowers Procurement and Supply Chain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.
Why should Procurement own Scope 3 Emissions? For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. In the diagram below, it’s clear that the main area of impact for Procurement is upstream Scope 3 emissions.
Why should Procurement own Scope 3 Emissions? For most procurement (and supply chain) professionals, the topic of Scope 1, 2, and 3 emissions should be coming at you from every direction. In the diagram below, it’s clear that the main area of impact for Procurement is upstream Scope 3 emissions.
The world of procurement is constantly evolving, demanding professionals with the right skills and knowledge. Moreover, two popular options often considered are the MCIPS qualification from the Chartered Institute of Procurement & Supply (CIPS) and the Procurement Track offered by SCMDOJO.
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