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Category management Strategic sourcing Supply Chain Optimization 
Procurement Tactics
OCTOBER 13, 2022
Strategic Sourcing Manager — The Ultimate Guide. A strategic sourcing manager is a key person in ensuring that the strategic process is effective and efficient. In this article, we will discuss what a strategic sourcing manager is. Strategic Sourcing Explained.
Jaggaer
FEBRUARY 5, 2025
What Is Strategic Sourcing? A Complete Guide Strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. Which Suppliers Are Truly Strategic? Strategic sourcing makes sense for suppliers that are of strategic importance to your organization.
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Jaggaer
FEBRUARY 5, 2025
Strategic Sourcing Success: Best Practices and Key Strategies Of course, there are many definition s of source-to-pay but put simply, strategic sourcing is a data-driven approach to securing the best value for your organization from its strategic suppliers. How Has Strategic Sourcing Evolved?
Jaggaer
FEBRUARY 5, 2025
Complete Source to Pay cycle and Strategic Sourcing Guide An optimized Source-to-Pay (S2P) process helps businesses enhance procurement efficiency, reduce costs, and improve supplier collaboration. What is Source-to-Pay?
ivalua
JUNE 26, 2023
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
OCTOBER 31, 2024
To potential buyers — True ValueHub can save category managers and buyers significant time and money by identifying new opportunities based on a deep analysis of costs and drivers. Unlike many ProcureTech companies, True ValueHub was founded and is run by procurement and supply chain industry practitioners.
ivalua
FEBRUARY 25, 2021
ERP vs. Best-in-Class for Healthcare Supply Chain Management? Are ERP systems better than best-in-class supply chain solutions for managing healthcare supply chains? That’s the question we set out to answer in our recent panel discussion with Procurement and Supply Chain experts.
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.
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.
Procurement Tactics
MARCH 16, 2023
However, the entire department must work together for a strategic procurement process to happen. When strategic procurement is done correctly, it can help an organization to optimize its profit margin, reduce risks, and streamline the process of purchasing goods and services needed to achieve business goals. Why is it important?
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Spend Matters
FEBRUARY 13, 2025
This focus and track record however, was in some ways at the expense of fully optimizing and maximizing procurements total strategic value to the enterprise as a whole. Utzs Procurement team had never focused on influencing budget owners in the corporate services area to strategically source their categories.
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Procurement Tactics
AUGUST 25, 2022
In 2022, he was awarded the Special Mentioned Individual Award by Supply Chain Asia for his contribution to the national emergency procurement for the Covid-19 operation. Furthermore, He was voted by Supply Chain Digital as one of the top 10 procurement executives worldwide. Trillion budget. . He began his career at A.T.
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Procurement Templates
DECEMBER 11, 2024
Strategic Objectives Cost Savings: Achieve cost reduction targets through effective supplier negotiations and strategic sourcing. Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Savings can be cashable or non cashable i.e. cost avoidance.
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Jaggaer
FEBRUARY 20, 2025
But before this can happen someone has to identify suitable vendors to secure goods and services at the best value (not necessarily the lowest price) within a variety of constraints (risk management, ESG and regulatory factors etc.). Category management segments your expenditure into areas which contain similar or related products.
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Jaggaer
MAY 16, 2025
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 professionals are increasingly evolving into strategic value creation partners. It enables broad automation of indirect procurement.
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.
Skill Dynamics
JANUARY 14, 2025
They can improve performance, lead to stronger strategic alignment, and enhance the career development opportunities for your procurement staff. A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation.
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ivalua
AUGUST 17, 2022
O-I Glass has chosen Ivalua after assessing technology and process gaps related to strategic sourcing, supplier relationship management, category management, vendor quality, sustainability, and compliance.
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The Good Spending
JANUARY 4, 2023
Its two dimensions suggest the flat Earth approach with insufficient room to cater to the complexities of modern category management and strategic sourcing situations. The Strategic Sourcing Matrix Let’s start with the classical view, which is the adapted Strategic Sourcing matrix.
Jaggaer
OCTOBER 24, 2024
The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain. Supplier Collaboration for Agility Your world is characterized by dynamic market conditions, shifting customer demands, new technologies, rapidly changing regulations, and frequent supply chain disruptions.
ivalua
MAY 1, 2020
The total costs, in terms of human lives, disrupted supply chains, ruined businesses and GDP impact, are still just projections in the array of charts presented daily by statisticians and data modelers. There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders.
Procurement Insights
MAY 1, 2025
Cost Management: By analyzing long-term pricing and spend trends, organizations can make more informed sourcing decisions, avoid overpaying, and optimize contract negotiations. Impact on Cost-to-Value Analysis Value Multiple Increase: With this unique archive, Procurement Insights value multiple would rise further (e.g.,
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Empowering CPO
JUNE 30, 2023
Introduction In the dynamic world of business, the ability to effectively manage and optimize supply chains has emerged as a critical success factor. At the heart of this revolution lies a powerful tool that many companies are now leveraging to achieve competitive advantage: Managed Procurement Services.
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.
Supply Chain Game Changer
OCTOBER 28, 2021
Subscribe to Supply Chain Game Changer. Procurement is a function that is undergoing an exciting transformation in the majority of global value chains; simultaneously, within its own strategy, process, and technology. Subscribe Here! Email Address. Featuring Our 12 Best Procurement Articles! It’s time to air our dirty laundry.
Procurement Leaders
JUNE 1, 2022
Procurement was then able to embark on the main bulk of its transformation, including implementing new teams, transitioning other functions’ spend to procurement and implementing a category management structure. It also acts as the single point of contact for other finance teams within the company.
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SCMDOJO
NOVEMBER 2, 2023
Effective supply chain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supply chain experts who can manage the complexity and difficulties of today’s global supply chains. With a Ph.D.
Una
JULY 25, 2023
The Difference Between Strategic Sourcing & Category Management They say there are no stupid questions, but sometimes a new team member prefers to quietly Google a question like this rather than ask it in a meeting. Procurement and Supply Chain: What’s the Difference?
Jaggaer
DECEMBER 13, 2024
The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing.
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NLPA (Next Level Purchasing Association)
SEPTEMBER 8, 2023
Improved communication, regular performance assessments, and joint value creation efforts lead to better supplier performance, reduced risks, and potential cost savings through optimized partnerships. Procurement teams equipped with risk management tools can ensure business continuity and minimize potential negative impacts.
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SCMDOJO
APRIL 3, 2022
Procurement eAuctions may be used in a multitude of sectors and domains, including industrial machinery, supply chains and logistical operations, telecommunications, commodities, and business technical support programs. Introduction to Strategic Sourcing. . Introduction to Category Management. Please wait.
Procurement Express
DECEMBER 31, 2024
Admin staff might be responsible for ordering office supplies. Types of Indirect Spend Categories Managing indirect spend can feel overwhelming, especially when it spans so many categories. Heres a breakdown of the most common areas to watch: Office supplies : Everyday items like stationery, furniture, and technology.
World of Procurement blog
MAY 10, 2024
This supports strategic sourcing efforts. With the ability to handle huge volumes of data, operate 24/7, and continuously learn from experience, AI can bring new levels of speed, efficiency, and insight to procurement teams looking to transform strategic sourcing, supplier management, and end-to-end procurement processes.
Empowering CPO
JULY 2, 2023
If you’re new to the term, Managed Procurement Services refers to the outsourcing of a company’s procurement functions to a specialized firm. This approach allows businesses to leverage the expertise of procurement specialists to streamline operations, optimize supplier relationships, and most importantly, reduce costs.
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Skill Dynamics
OCTOBER 19, 2023
One extremely successful example is the retail giant, Amazon, whose negotiation tactics have played a significant role in its supply chain operations. Strategically negotiating with suppliers to secure competitive pricing, streamline logistics, and ensure timely deliveries has paid off for this vast e-commerce network.
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Empowering CPO
JUNE 14, 2023
It is a strategic process that involves identifying business needs, sourcing suppliers, negotiating contracts, managing supplier relationships, and ensuring the timely delivery of high-quality products or services. Category management can lead to better supplier selection, improved negotiation, and enhanced value delivery.
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Planergy
DECEMBER 29, 2022
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Best Practices & Tips Category Management Procurement. Marketing category spend may include things like: Market research and benchmarking. Download Free Copy. Written by. Rob Biedron. 15 min read.
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Empowering CPO
FEBRUARY 14, 2024
EmpoweringCPO, a distinguished procurement service and consulting company, stands out as a guiding force for organizations looking to optimize their procurement processes. Category Management: Optimize your procurement strategy by effectively managing and categorizing your purchases based on industry best practices.
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Procurement Software
APRIL 23, 2024
The platform is tailored for finance, procurement, and technology leaders, offering features like real-time data analysis, category management, and budget forecasting to drive strategic decisions across various industries. Key Data: Founder / CEO: Alex Grundy Date Founded: 2019 Visit Spendkey profile in our Software Finder 5.
Procurement Insights
SEPTEMBER 11, 2024
Like 1Reply Vera Rozanova MBA, MCIPS Chartered, MEng (Hons)CPO-Chief Procurement Officer | Procurement Director | Supply Chain | Invited Lecturer | Author | Business Trainer | Transformation 2h Jon W. Hansen One of the key criteria for procurement when selecting an IT provider is their client base.
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Planergy
JANUARY 18, 2024
How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Integration with Other Systems Does the procurement system integrate with the other tools you use across your supply chain? The category management process can be very beneficial in procurement.
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Una
MARCH 6, 2024
Digital Marketing Outsourcing digital marketing activities like social media management, content creation, and search engine optimization (SEO) can help businesses build a strong online presence, reach a wider audience, and drive growth. Strategic Sourcing Need some expert advice? And truly, Una membership is free.
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Arkestro
MARCH 28, 2025
This webinar will highlight key supply categories (MRO, Capital, Bill of Materials, and Logistics) and how predictive technology optimizes Spot Buy, Strategic Sourcing, and Category Management. The solution?
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Jaggaer
MARCH 28, 2025
As global organizations face increasing demands to do more with less, procurement and supply chain teams are under pressure to drive greater value while reducing operational complexity. Release enhances value across key solution areas: Driving Strategic Procurement with Source-to-Contract Innovations In Source-to-Contract, the 25.1
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