Spend Matters

APRIL 15, 2025

Digital transformation efforts are solidified when supported by talent capable of analyzing data and using it to enhance category value contributions. This role often overlaps with category managers or strategic buyers but initially requires an expert to develop models and competencies across the team.

Procurement 102

Procurement Chief Procurement Officer Category management Project management 102

ivalua

JULY 1, 2025

Strengthen Data Visibility Across Sourcing and Contracting Procurement teams need consistent access to pricing and performance history, contract terms, and supplier risk profiles, not just at the negotiation stage but throughout the procurement lifecycle. Examples include IT, logistics, and critical raw materials.

Procurement strategies 130

Procurement strategies Strategy Real-time Visibility Procurement 130

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. As a result of better data, procurement teams gain a whole range of benefits. Sales have had reliable data ever since they had a CRM.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

ivalua

JULY 1, 2025

Strengthen Data Visibility Across Sourcing and Contracting Procurement teams need consistent access to pricing and performance history, contract terms, and supplier risk profiles, not just at the negotiation stage but throughout the procurement lifecycle. Examples include IT, logistics, and critical raw materials.

Procurement strategies 130

Procurement strategies Strategy Real-time Visibility Procurement 130

Spend Matters

FEBRUARY 13, 2025

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 change is more of a mental process than learning to press certain buttons, he says.

Influencing 106

Influencing Procurement supply chain budgeting e2e 106

Procurement Software

JUNE 1, 2025

Traditional procurement relied heavily on manual processes. Category Managers memorised ERP commands as if they were sacred. Category management Modern category managers orchestrate ecosystems of suppliers, technologies, and internal stakeholders. Analysts spent hours manipulating spreadsheets.

Procurement 52

Procurement Agile and Lean Supply Chain Category management Procurement team 52

ivalua

JUNE 12, 2025

Despite investments in tools and data, most procurement teams struggle to scale their efforts beyond one-off reports or limited categories. This fragmentation leads to inconsistencies that undermine trust and force procurement teams to chase data instead of analyzing it. The culprit?

supply chain budgeting 130

supply chain budgeting Risk Real-time Visibility Supply Chain Efficiency 130

Future Purchasing

JANUARY 23, 2025

In the dynamic landscape of procurement, the road to success is paved with data-driven insights. Yet, all too often, procurement teams find themselves navigating the realm of uncertainty due to a scarcity of data. AI has shown great potential to support procurement in identifying patterns and suggesting opportunities.

Data 52

Data Procurement Procurement team Negotiation 52

Procurement Software

MAY 25, 2025

Traditional procurement teams operate too much like bureaucratic machines. It invariably keeps procurement teams away from the top table, as leaders struggle to appreciate our value. Don’t be penny-wise and pound foolish Free up your senior team for strategic thinking and where their expertise lies.

Procurement 52

Procurement Procurement team Category management Leadership 52

Procurement Software

JANUARY 26, 2025

Automation and Efficiency Automation liberates procurement professionals from mundane transactional tasks, allowing them to focus on strategic initiatives like category management, sustainability, and fostering innovation with key suppliers. It will makes teams replaceable who are only engaged in day-to-day activities.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management Procurement team 52

Procurement Software

JUNE 15, 2025

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. And yet, poor operational efficiency in Procurement means that the typical Category Manager often spends at least a third of their time performing busywork.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Category management supply chain software solutions 52

Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

Procurement Software

JULY 6, 2025

.” What procurement sees as value creation, finance might dismiss as merely doing your job. The “Invisible” Benefits of Cost Avoidance in Procurement The simple answer: the office of the CFO often sees the world in black and white numerical terms.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Jaggaer

APRIL 24, 2025

For example, category management in procurement means something completely different to category management in the channel. These levers could be alternate sourcing, alternate routing, changes of push-pull decoupling points, or even changes to the product portfolio. Our thinking is still siloed.

Demand 52

Demand Logistics Real-time Visibility Procurement 52

Future Purchasing

FEBRUARY 25, 2025

Market Challenges Market volatility and inflation Inflation and market volatility negatively impact procurement teams. Inflation creates budget pressure, meaning teams must deliver more with less. Furthermore, inflation often leads to fluctuating prices and unstable supply and demand dynamics, making procurement more complex.

Innovation 52

Innovation Supply Chain Efficiency Procurement Category management 52

Jaggaer

FEBRUARY 5, 2025

JAGGAER characterizes the steps in this process as Spend Management, Category Management, Sourcing , and Contracts. Furthermore, it provides real-time visibility and control, enabling procurement teams to monitor performance, identify bottlenecks, and make informed decisions.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

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

OCTOBER 24, 2024

With the right supplier management tools , you can empower your procurement team to assess suppliers based on critical factors such as risk, sustainability, and real-time performance. A leading strategic sourcing solution should give you a 360° view.

Collaboration 52

Collaboration Suppliers Supply Chain Efficiency Agile and Lean Supply Chain 52

Jaggaer

MAY 16, 2025

Looking back just 30 years, procurement was mainly seen as an ordering department. Procurement teams now include specialists such as category managers with deep market knowledge who drive sourcing events and significantly impact the companys bottom line. But the procurement transformation journey is far from over.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Supply Chain Optimization 52

Supply Chain Game Changer

JULY 25, 2025

When I think of tail spend I tend to think of the money spent on goods and services that is so small that it typically gets no attention from the Procurement team at all. In other cases the Procurement team doesn’t do any work at all. How Can Tail Spend be Managed Effectively? What is Tail Spend?

Procurement 40

Procurement Procurement team supply chain budgeting Negotiation 40

Procurement Software

FEBRUARY 16, 2025

I was a Category Manager in a large FMCG company. These are: Effective Hourly Rate driving how we approach task management The art of Eliminate, Delegate and Automate to free ourselves of admin or non-value added tass Time Freedom as a concept of wealth Ive chosen to dive into these today because its the perfect moment.

Procurement 52

Procurement Category management Procurement team Management 52

Spend Matters

JUNE 2, 2025

However, procurement plays a critical role in reflecting cost-saving initiatives, supplier contracts and spend management efforts in financial statements and budget planning. To align with financial reporting goals, procurement teams should: Improve spend visibility: Validate and accurately report procurement savings to finance.

Sustainability 69

Sustainability supply chain budgeting Supply Chain Efficiency Real-time Visibility 69

Procurement Insights

JUNE 16, 2025

Predictive Contract Compliance & Renegotiation: Agents will monitor contract terms against actual performance and market conditions, proactively alerting procurement teams to potential non-compliance or identifying opportunities for early renegotiation based on changing market dynamics or supplier performance trends.

Supply Chain Optimization 52

Supply Chain Optimization Supply Chain Efficiency Ethics Raw materials 52

Procurement Express

DECEMBER 31, 2024

HR departments might handle anything related to payroll and travel expenses, while marketing teams are responsible for social media ads and other strategies. Types of Indirect Spend Categories Managing indirect spend can feel overwhelming, especially when it spans so many categories. The list goes on.

Spend management 40

Spend management Strategy Management Real-time Visibility 40

Spend Matters

MARCH 12, 2025

Instead of spending countless hours wading through endless company profiles, procurement teams can identify potential business partners with speed and precision. Think of it as the art (and science) of finding not just a needle in a haystack but the right needle in an ever-expanding field of hay.

Suppliers 80

Suppliers Agile and Lean Supply Chain Supply chain resilience Supply Chain Efficiency 80

Procurement Insights

JUNE 3, 2025

Case Examples Here are several procurement and business-specific examples of the saying A poor craftsman always blames his tools in action: Example 1: Procurement Platform Underuse Scenario: A procurement team adopts a robust source-to-pay platform like Coupa or Ivalua. After several months, savings targets arent met.

Real-time Visibility 81

Real-time Visibility supply chain budgeting supply chain software solutions Supply Chain Optimization 81

Future Purchasing

JULY 2, 2025

Procurement is constantly changing, and so are the skills you need to master it. To keep pace with increasing business requirements, regulatory requirements, and technological advancements, procurement teams (and individuals) need to embrace continuous learning. So far, so predictable.

Procurement 52

Procurement Category management Stakeholder engagement supply chain software solutions 52

Procurement Software

JULY 13, 2025

Procurement Teams Face Major Disruption Procurement teams will almost certainly shrink. We constantly complain that procurement is under-resourced. Procurement teams will feel bloated quite quickly. The mundane tasks that consume procurement professionals’ time are perfect for automation.

Procurement team 52

Procurement team Procurement Purchase orders Contract 52

Jaggaer

JUNE 25, 2025

The adoption of GenAI in procurement is being driven by several converging pressures: the need for greater speed and agility in sourcing, an explosion of both structured and unstructured data, rising expectations for user-friendly digital experiences, and an ever-growing focus on risk, compliance, and sustainability.

Ethics 52

Ethics Data Suppliers Networking 52

Positive Purchasing

APRIL 3, 2025

Its time for hard and fast Category Management with rapid implementation of new category strategies to drive change. We can help your procurement team navigate out of this and get to a strong position fast. It may also be time to prematurely renegotiate key supply contracts to achieve this.

Negotiation 52

Negotiation Procurement supply chain budgeting Price 52

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. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Category management 108

Category management Supplier relationship management Management supply chain software solutions 108

Procurement Leaders

JUNE 20, 2023

Take the Category Planning Guide 2024 survey if you are interested in benchmarking your category maturity against others, as well as gaining access to insights into: Where category managers spend their time – and what they should be focusing on to maximise returns Key planning benchmarks, including: Savings Price change predictions Stakeholder criteria (..)

Procurement team 147

Procurement team Procurement Influencing Buyers 147

NLPA (Next Level Purchasing Association)

FEBRUARY 29, 2024

In today’s dynamic business landscape, category management in procurement has become an essential weapon for procurement teams seeking to optimize spend, strengthen supplier relationships, and drive growth. This is where category management in procurement emerges as a game-changer.

Category management 52

Category management Management Procurement Supplier relationship management 52

ivalua

JUNE 26, 2023

Vishal Patel and Peter Hunt delivered their session ‘Creating Value with Strategic Sourcing’ to discuss how Procurement professionals are recognizing that the fast-paced digital landscape of today demands new approaches to category management and strategic sourcing. The answer is simple – automation.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Positive Purchasing

MARCH 4, 2025

By Jonathan OBrien with Stphane Morel In the ever-evolving landscape of procurement and supply chain management, category management remains a cornerstone. However, as technology advances and digital solutions become more integrated, the approach to category management is also transforming.

Category management 52

Category management Strategy Management Collaboration 52

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.

Category management 59

Category management Strategic sourcing Strategic sourcing Sourcing 59

Spend Matters

OCTOBER 26, 2023

It is a digital solution for procurement that aims to transform the role of procurement from a tactical function to a value orchestrator. By leveraging AI and a collaborative approach, akirolabs supports the development of procurement strategies and enables procurement teams to build and execute strategies effectively.

Category management 121

Category management Procurement team Collaboration Procurement 121