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

Future Purchasing

NOVEMBER 10, 2021

Build category management coaching capability and unlock your team’s full potential. If ever there was a time for leadership teams to pull together, it is undoubtedly now. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability.

Category management 52

Category management Management Leadership Stakeholder engagement 52

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

The Good Spending

MAY 28, 2023

Building a High-Performing Procurement Team While efficient sourcing, negotiation, and supplier management are crucial for organizational success, the strength of the procurement team is equally important. This is where the Belbin Team Role Theory comes into play.

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Future Purchasing

OCTOBER 4, 2022

Too often Procurement works in isolation when deciding what category projects to work on. Hence, Procurement need to promote the value and benefits of planning and agreeing which projects are going to be worked on over the next 12-month period with their respective business stakeholders. The importance of strategic alignment.

Category management 52

Category management Collaboration Real-time Visibility Management 52

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.

Category management 52

Category management Management Buyers Supply Chain Efficiency 52

CPO Rising

FEBRUARY 17, 2023

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. Fridays (in 2023) means that it’s time for another CPO Rising Listicle.

Category management 52

Category management Procurement team Management Sourcing 52

CPO Rising

AUGUST 25, 2023

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. Fridays (in 2023) means that it’s time for another CPO Rising Listicle.

Category management 52

Category management Procurement team Management Strategy 52

Art of Procurement

APRIL 2, 2023

“At the end of the day, procurement is a business enabler. The post [Pod] Architecting and Enabling Amazing Procurement Teams w/ Fadi El Mouallem appeared first on Art of Procurement. No company can grow without its suppliers.

Procurement team 52

Procurement team Procurement Suppliers Category management 52

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 86

Category management Procurement team Collaboration Bill of materials 86

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

Spend Matters

MARCH 11, 2024

It is especially important for midsize to large public institutions or private sector companies that don’t have the luxury of a large procurement team but still need to manage spend in the most efficient and effective manner. It is exactly the kind of challenge that VORTAL addresses.

Procurement solutions 96

Procurement solutions Sourcing Procurement Market analysis 96

Positive Purchasing

MARCH 22, 2024

Aiko Wiegand, Co-Founder & CEO of Matchory, says: “Matchory is thrilled to be partnering with Positive Purchasing, known for their flexible solutions spanning category management, supplier relationship management, negotiation, and sustainability. We are very excited about where this will lead for us both.”

Purchasing 52

Purchasing Supplier relationship management Procurement team Negotiation 52

Barkers Procurement

JANUARY 16, 2023

Barkers carried out a thorough audit of the procurement department and identified multiple areas for improvement validating ECFRS’ view that a major change was required in the way in which the procurement team operated. Set up contract management. Upskill the new category management team.

Category management 52

Category management Procurement Contract management Procurement team 52

Una

SEPTEMBER 13, 2022

Whatever the reason, category managers need to keep their fingers on the pulse of enterprise strategy, think about how any changes relate to their category management , and take action to stay relevant. How achievable are the goals identified in your category strategy? Streamlining the Category Management Process.

Strategy 98

Strategy Category management Risk Purchasing 98

Procurement Software

APRIL 9, 2024

While on the other hand we must equip our teams to tackle sustainability, geopolitical instability and ensuing supply chain disruptions. So, what would I put in place if I wanted to combine the very best of human and machine to have one ultimate ass-kicking procurement team? They have a team of 10 procurement category managers.

Category management 40

Category management Procurement supply chain budgeting Budget 40

ivalua

FEBRUARY 8, 2023

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility.

Supply chain resilience 242

Supply chain resilience Supply Chain Efficiency supply chain budgeting Agile and Lean Supply Chain 242

Supply Chain Game Changer

NOVEMBER 26, 2018

Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. In fact, it made me think of a specific chapter I read from Magnus Carlsson’s Strategic Sourcing and Category Management: Lessons Learned at IKEA.

Procurement team 43

Procurement team Supplier relationship management Procurement Suppliers 43

Spend Matters

MARCH 8, 2023

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Strategic Sourcing Tags: PRO In this Spend Matters PRO Vendor Analysis, we give an overview of akirolabs, a category strategy management solution built to support the transformation of procurement from a tactical function to the role of value orchestrator.

Strategy 70

Strategy Strategic sourcing Strategic sourcing Management 70

Spend Matters

OCTOBER 11, 2022

Categories: Category Management , Managed Services , Sponsored Article Tags: Sponsored Article Gone are the days when procurement’s agenda could be contained to a small set of self-selected priorities. Read more. ).

Procurement 74

Procurement Category management Procurement team Risk management 74

Arkestro

JANUARY 4, 2023

Eager to reduce administrative busywork, procurement teams are treating the permacrisis as an opportunity to make long-sought changes along a digital journey. Procurement has had massive challenges and targets over the past year: Managing inflation. What can procurement leaders do to overcome the ongoing talent shortage

Supply Chain Optimization 104

Supply Chain Optimization Procurement team Agile and Lean Supply Chain Supply Chain Efficiency 104

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 77

Category management Management Supplier relationship management supply chain software solutions 77

Procurement Software

MARCH 19, 2024

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. Category Management AI will increasingly be used to help to write and generate category strategies.

Procurement 52

Procurement Category management supply chain software solutions Data 52

Una

JULY 6, 2022

As a true sourcing accelerator , our goal is to become an extension of your procurement team. Una does this by offering assistance on everything from supply chain management, data and analysis, education, and more. Partner in Procurement. Tips for Building an Effective Procurement Data Strategy.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Una

JULY 25, 2023

The first three KPIs we suggest every procurement team should monitor are: Defect rates Lead time Contract compliance Can you guess what the other four KPIs will be? Procurement and Supply Chain: What’s the Difference? Read the article to find out. Top tip: It can be easy to grow complacent.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Procurement Category management 52

ivalua

AUGUST 17, 2021

There are, in fact different phases of procurement value creation that tie into the Source-to-Pay process: . Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. .

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Procurement Heads

FEBRUARY 7, 2023

At work, I am Head of Procurement at British American Tobacco and in charge of the procurement teams in the west side of the world (North and South America, Africa and most of Europe). How procurement has evolved since seems just unimaginable. Category management has been added and embedded into the operating model.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130

Una

APRIL 18, 2023

By Mackenzie Oakley | April 18, 2023 Search This article is inspired by a recent episode of The Sourcing Hero podcast featuring Harold Hendrickx, a fractional CPO and the founder of TransExecutive, a company that deploys the Procurement Task Force model to help procurement teams enable, optimize, transform, and rapidly deliver value.

Procurement 98

Procurement Procurement team Leadership Supply Chain Optimization 98

Spend Matters

SEPTEMBER 14, 2023

We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement. Additionally, nearly a third view category management as the top technological trend to implement in the coming year.

Procurement 99

Procurement Supply Chain Efficiency Category management e2e 99

ivalua

JUNE 1, 2022

When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. In fact, the pandemic spurred enormous growth and expansion for Procurement, while helping uncover hidden weaknesses in procurement processes and procedures. Why is visibility so important?

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

Procurement Software

MARCH 11, 2022

Most experienced Procurement Managers don’t enjoy performing administrative tasks and firefighting operational issues. Ask yourself why it is that startups are so lean and agile… Then there are those processes that just create work for work‘s sake: Travel approval requests: Just give each manager a budget.

Supply Chain Efficiency 72

Supply Chain Efficiency supply chain software solutions Procurement Category management 72

Supply Chain Game Changer

OCTOBER 28, 2021

Possibly less of a ‘secret’, and more so something we all seem to turn a blind eye to, but the majority of procurement teams lack visibility beyond their tier-1 suppliers. At the same time, when procurement teams are integrating solutions, poor ecosystem integration and poor data quality create barriers to application and adoption.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Procurement Heads

DECEMBER 7, 2022

Three years ago I was presented with the opportunity to bring my consulting skillset to procurement more officially at Paysafe and I am really pleased I made that move. How does procurement fit into Paysafe and the business model? The two key functional areas are strategic sourcing and category management.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Una

FEBRUARY 27, 2023

Fierce external competition Competition amongst procurement teams is tough. This increased competition for talent has driven up procurement salaries, which is welcome news for workers but puts under-resourced, smaller organizations at a hiring disadvantage.

Procurement 97

Procurement Procurement team Purchasing Risk 97

Una

NOVEMBER 16, 2022

Centralized procurement means that all goods and services for the company are purchased at the headquarters level. The centralized procurement team scopes out the project, approaches the market, evaluates suppliers , negotiates a volume discount, and awards the contract to a single supplier. Faster decision-making.

Procurement 98

Procurement Purchasing Procurement team Supplier negotiation 98

ivalua

MARCH 16, 2021

Sajid Kunnummal, Vice President and CPO at Navistar, was interviewed in late 2020 by Philip Ideson from Art of Procurement. When the crisis hit, Procurement as a function was suddenly in the hot seat, and it became the driving force for business continuity. Why is visibility so important? Set expectations with suppliers.

Supply chain resilience 130

Supply chain resilience Supply Chain Efficiency Agile and Lean Supply Chain supply chain budgeting 130

CPO Rising

MAY 3, 2024

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. Fridays (in 2024) means that it’s time for another CPO Rising Listicle.

Strategy 52

Strategy Procurement team Procurement Chief Procurement Officer 52