CPO Rising

MARCH 11, 2024

A few years later I got a new title, strategic buyer! Since then, it feels like the term “strategic buyer” has been replaced by category manager, but […] Nothing actually changed but I got a fancier title.

Category management 52

Category management Management Buyers Procurement 52

Procurement Freelancers

APRIL 22, 2023

Many professionals are always seeking ways to lower expenses while maintaining the highest quality of… The post Steps Followed By Strategic Sourcing Agents For A Comprehensive Business Strategy first appeared on Procurement Blog | Procurement & Supply Chain News.

Strategic sourcing 93

Strategic sourcing Strategic sourcing Business strategy Sourcing 93

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.

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

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.

Category management 52

Category management Management Procurement Market analysis 52

Ms. Category Management

MARCH 8, 2019

Check out my new blogs from 2019; Strategic Sourcing in the Stone Ages by Ms Category Management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Category management 52

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. They would place, change, and manage purchase orders.

Category management 62

Category management Management Strategic sourcing Strategic sourcing 62

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.

Category management 52

Category management Demand Management Procurement 52

CPO Rising

FEBRUARY 17, 2023

The vast majority of sourcing professionals know that having a […] 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.

Category management 52

Category management Procurement team Management Sourcing 52

CPO Rising

AUGUST 25, 2023

The vast majority of sourcing professionals know that having a […] 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.

Category management 52

Category management Procurement team Management Strategy 52

Ms. Category Management

MAY 22, 2019

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

Category management 52

Category management Management Strategic sourcing Strategic sourcing 52

Procurement Tactics

MARCH 16, 2023

Procurement Strategy This key element of strategic procurement is a long-term plan that ensures purchased goods and services from suppliers at the agreed terms, quality, and delivery time are cost-effective. Category Management Category management sorts your spending into areas with the same supplier markets.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

World of Procurement blog

APRIL 23, 2024

Strategic Sourcing : Identifying and developing key suppliers and products to optimize spend. Risk Management : Assessing and mitigating risks associated with suppliers and agreements. Supplier Relationship Management : Building and maintaining positive relationships with suppliers.

Ethics 52

Ethics Procurement Supplier relationship management Market knowledge 52

Procurement Heads

DECEMBER 7, 2022

We have three key areas: strategic sourcing, category management and vendor management, which is the onboarding and management of our suppliers and so on. We have 11 people in the function across strategic sourcing and vendor management, mainly based across two locations: London and Sofia in Bulgaria.

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

Procurement Leaders

JUNE 20, 2023

Even if a category is gifted by the most forward-thinking buyer at the tiller, if the business ignores their skill and avoids the process, then progress is unlikely to be made. As such, we tend to see the maturity of categories evolve as the business gradually realises the value of strategic sourcing.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

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 75

Strategy Strategic sourcing Strategic sourcing Management 75

Barkers Procurement

DECEMBER 10, 2023

As part of this award, there was a commitment from all partners to work as part of a sustainable supply chain group where suppliers would collaborate on areas such as strategic sourcing, innovation and knowledge share/ transfer. The group are now collaborating on 3-4 other categories, having witnessed the benefits of this approach.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Collaboration Innovation 52

The Supplier Experience

FEBRUARY 16, 2022

Peter is a former Senior Strategic Procurement Manager at Air Canada , who, after more than 25 years at the organization, has a wealth of experience in areas including strategic sourcing, category management and supplier management.

Strategic sourcing 40

Strategic sourcing Strategic sourcing Category management Procurement 40

The Good Spending

JUNE 25, 2023

Chat GPT on category management I tried ChatGPT as an aid in blogging, and it works very well when you need an explanation of a generic theory or concept for your audience. Getting to more sophisticated tasks, I asked ChatGPT to explain procurement category management to a non-professional.

Contract administration 52

Contract administration Procurement Category management Strategic sourcing 52

Empowering CPO

NOVEMBER 12, 2020

To answer these questions it is important to summarize and define Procurement Market Intelligence & Analytics Services, it is also important to summarize typical role of a category manager and KPI’s of an ideal Procurement Organization. Role of category manager & KPI’s of an ideal procurement organization.

Category management 52

Category management Cost of ownership Procurement Strategic sourcing 52

Ms. Category Management

JULY 26, 2019

Boost your strategic know-how with these 10 books. Just don't fall asleep before you finish them!

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Procurement 52

Spend Matters

SEPTEMBER 14, 2023

Strategic sourcing remains critical, especially given our inflationary environment. We have also seen a need for change in category management, which was also ranked among the top drivers of digital transformation in procurement.

Procurement 103

Procurement Supply Chain Efficiency Category management e2e 103

Empowering CPO

FEBRUARY 20, 2023

Negotiation is one of the key steps during any Strategic Sourcing process. Procurement organizations and sourcing companies adopt different methods to negotiate prices with vendors. This helps to achieve higher strategic sourcing project savings and support category management on an ongoing basis.

Strategy 52

Strategy Cost of ownership Strategic sourcing Strategic sourcing 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. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

Category management 76

Category management Management Supplier relationship management supply chain software solutions 76

Ms. Category Management

FEBRUARY 24, 2019

The 7 Deadly Sins of Strategic Sourcing - blog by Ms Category Management.

Sourcing 52

Sourcing Strategic sourcing Strategic sourcing Category management 52

Empowering CPO

FEBRUARY 19, 2023

Evaluation of the vendor’s qualitative response is one of the most important phases for the successful execution of the Strategic sourcing process. The key here is to wear their shoes to run the strategic sourcing process. They definitely know more about the quality aspect as compared to the procurement category managers.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Quality Category management 52

Empowering CPO

DECEMBER 7, 2020

Preparing list of eligible suppliers before publishing an RFP or RFI is one of the most important step during execution of strategic sourcing process. The management in most of these procurement organizations believes that this is what is required and the category managers have everything to support them in supplier discovery.

Suppliers 52

Suppliers Strategic sourcing Strategic sourcing Procurement 52

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

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Category Management plays a vital role in every business, regardless of its size. 7 steps of Category management Lesson 3.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Spend Matters

APRIL 4, 2024

Data Semantics uses Serina, an AI-enabled tool, to support organizations in automating and managing their AP invoice processes through advanced OCR, automated approval workflows and detailed analytics.

Procurement 84

Procurement Risk management Raw materials supply chain software solutions 84

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

This results in better negotiation outcomes, improved quality, reduced costs, and enhanced overall value delivery.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

ivalua

FEBRUARY 8, 2023

is elevating the position to candidates by making them aware of the various aspects of Procurement beyond sourcing and category management. It’s critical to communicate how the function has evolved and the impact procurement professionals can have on a business’s success, particularly in a post-Covid world.

Supply chain resilience 242

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

Spend Matters

SEPTEMBER 20, 2022

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution. Rarely is it a module that helps define the proper approach to a category.

Strategy 69

Strategy Management Strategic sourcing Strategic sourcing 69

Supply Chain Game Changer

OCTOBER 28, 2021

Magnus Carlsson’s book, Strategic Sourcing and Category Management: Lessons Learned at IKEA is a masterful composition and guideline of how a procurement and sourcing organization can start building a quality infrastructure by gaining inspiration from IKEA’s procurement triumphs and failures.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Supply Chain Game Changer

NOVEMBER 13, 2018

As companies seek to discover ways to increase overall excellence and competitiveness, a new source of value has emerged – Strategic Sourcing. What is Strategic Sourcing? Strategic Sourcing does exactly the same by addressing the total cost. A Paradigm Shift in the Procurement Function.

Strategic sourcing 73

Strategic sourcing Strategic sourcing Procurement supply chain budgeting 73

Empowering CPO

JULY 2, 2023

Modern procurement services encompass a wide range of activities such as strategic sourcing, category management, contract negotiation, risk management, and supplier relationship management. However, in today’s complex and globalized economy, procurement goes far beyond simple buying.

Management 40

Management Supplier relationship management Procurement Strategic sourcing 40

Procurement Tactics

AUGUST 25, 2022

Kearney where he spent 10 years in the consulting firm’s strategic IT and operations practice which drives client business transformation and optimization initiatives. He is a member of the advisory board for the world’s premiere global association for sourcing and procurement professionals.

Procurement 231

Procurement Supply Chain Optimization Agile and Lean Supply Chain supply chain budgeting 231