Procurement Software

AUGUST 15, 2023

Category management software was one of the final frontiers for procuretech. There are now four category strategy software solutions on the market who cite this as their primary feature. Add to that list the additional suites and best-of-breeds who also include certain aspects of category management in their offering.

Category management 52

Category management Management Procurement team Strategy 52

Zycus Cognitive Procurement

SEPTEMBER 20, 2022

As the world continues to change at a rapid pace, category managers will need to be more nimble and adaptable than ever before. As a result, category managers must be prepared for continued evolution in shopping habits and be ready to adjust their strategies accordingly. Stay tuned! Key challenges.

Category management 59

Category management Management Price Sustainability 59

Future Purchasing

NOVEMBER 10, 2021

Build category management coaching capability and unlock your team’s full potential. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability. Often overlooked, however, is the potential for coaching to be used as a management tool from within.

Category management 52

Category management Management Leadership Stakeholder engagement 52

Future Purchasing

DECEMBER 9, 2021

A common challenge area for category teams is understanding the breadth of content that a category management strategy should contain. However, an excellent category management strategy will address many aspects of the business which surround the most effective acquisition and use of a set of products or services.

Category management 52

Category management Strategy Management Price 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

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

Future Purchasing

OCTOBER 4, 2022

In our recently published FP Category Management Leadership Report 2021-22, 51% of respondents agreed an annual plan of category management projects with their relevant business stakeholders, compared to 39% in 2019-20. The importance of strategic alignment. There are a number of critical elements to consider.

Category management 52

Category management Collaboration Real-time Visibility 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

Procurement Talk with David Byrne

JUNE 27, 2023

With huge, long-spanning roles at Diageo and Compass Group, Oliver … Continued The post Empathetic Leadership & How to Start Category Management from Scratch with Oliver C**k – Episode 78 appeared first on Talent Drive. You can’t do it all yourself, you’re only as good as the people around you.”

Category management 52

Category management Leadership Management Chief Procurement Officer 52

Art of Procurement

APRIL 30, 2023

“In our opinion, you have to take a category management approach to supplier diversity. Find those categories where there is. The post [Pod] Benchmarking Supplier Diversity to Drive Performance w/ Aylin Basom and Lois Eichacker appeared first on Art of Procurement.

Suppliers 80

Suppliers Category management Procurement Management 80

ivalua

JUNE 29, 2021

Supplier diversity programs are something many procurement professionals in the United States (U.S.) These programs are as familiar to procurement professionals as concepts like spend analysis or category management. businesses proudly maintain robust supplier diversity programs.

Business strategy 162

Business strategy Suppliers Strategy Ethics 162

Jaggaer

JUNE 7, 2019

Defining Category Management. Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Created in the 1980s, category management was originally the process of grouping products into categories based on how consumers used them.

Category management 45

Category management Management Supply Chain Efficiency Vendor relationships 45

Spend Matters

AUGUST 22, 2023

When price rises for raw materials, such as copper or wheat, are market-driven or are defined by market fluctuations, the procurement professional can be sure their supplier will be on the phone to set expectations of cost increases. So it’s the buyer’s job to understand the cost structure of the category they are buying,” he says.

Raw materials 70

Raw materials Suppliers Price Buyers 70

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. See you soon!

Supply Chain Efficiency 244

Supply Chain Efficiency Strategic sourcing Strategic sourcing Procurement 244

Procurement Software

OCTOBER 3, 2023

The topic of supplier consolidation is a popular one, especially across indirect procurement spend. Furthermore, the vast majority of P2P issues and day-to-day firefighting usually comes from this long tail of non-core, non-strategic suppliers. It’s rarely strategic suppliers who cause procure-to-pay pain. Do you even know?

Supplier consolidation 59

Supplier consolidation Suppliers Procurement Category management 59

Supply Chain Game Changer

NOVEMBER 23, 2018

. “Commodity Management” may also be referred to as Category Management, Strategic Procurement or Merchant Management for instance. I use the term Commodity Management to represent the strategic procurement of materials regardless of what specific industry or company vernacular you may use.

Category management 61

Category management Strategy Raw materials Management 61

Procurement Leaders

MAY 30, 2022

Like an increasing number of companies, property services giant CBRE recognises the value of using procurement to drive social impact through spending with diverse suppliers and social enterprises. Identifying new diverse suppliers to ensure coverage across all key categories of spend. Helping supplier development.

Suppliers 130

Suppliers Influencing Procurement team Procurement 130

Procurement Tactics

MARCH 16, 2023

Additionally, it involves a careful analysis of supplier selection, payment terms, contract negotiation, and acquisition of goods. 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.

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Future Purchasing

NOVEMBER 30, 2021

At what point does the performance of a supplier suggest we need to take definitive action with our SRM? Interestingly, the approach seems to depend on how advanced supplier development activity is in a particular business, and some sectors are more advanced than others.

Suppliers 52

Suppliers Supplier relationship management Category management Management 52

Procurement Templates

MARCH 7, 2024

Contract management: Procedures for drafting, negotiating, executing, and monitoring contracts to ensure compliance with terms and conditions, as well as regulatory requirements. I curate best book marks so you don’t need to hunt around!

Supply Chain Efficiency 130

Supply Chain Efficiency Procurement Ethics Contract management 130

ivalua

JANUARY 31, 2023

This puts the Procurement function in a central role towards establishing a transparent emissions baseline using reliable data and collaborating with suppliers on carbon savings plans to meet reduction targets and for reporting and risk assessment. They can use these models to focus on high-emitting categories and products.

Supply Chain Efficiency 246

Supply Chain Efficiency supply chain software solutions Innovation Supply chain 246

Spend Matters

JANUARY 10, 2024

Many category managers and buyers struggle with data transparency and aggregation. Such technical details are important because they drive prices and are critical elements to match parts against supplier capabilities. In this Spend Matters Vendor Analysis, we provide an overview of Covalyze and its solution for cost analytics.

Raw materials 92

Raw materials Category management Buyers Price 92

Art of Procurement

SEPTEMBER 19, 2023

Supplier diversity is not just a box to tick on a corporate social responsibility checklist; it is a dynamic strategy. The post Supplier Diversity: How to Achieve Impact at Scale appeared first on Art of Procurement.

Suppliers 69

Suppliers Strategy Procurement Category management 69

ivalua

JANUARY 30, 2023

The answer is simple- suppliers and spend. Key Steps to Get Started As Procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.

Procurement 130

Procurement Category management Suppliers Data 130

ivalua

JANUARY 30, 2023

The answer is simple- suppliers and spend. Key Steps to Get Started As procurement professionals, you play a crucial role in reducing Scope 3 emissions–first by understanding emissions, and then, collaborating with your suppliers. It will also ensure that supplier profiles are enriched with sustainability data.

Procurement 130

Procurement Category management Suppliers Data 130

Spend Matters

MARCH 11, 2024

It provides customers with a platform that connects buyers with qualified suppliers and offers a range of capabilities (in-app and as services) such as category management, demand management, e-sourcing, auctions, supplier management and contract management.

Procurement solutions 102

Procurement solutions Sourcing Procurement Market analysis 102

Spend Matters

APRIL 4, 2024

As detailed below, the analysts’ work in Q1 took a special interest in solution providers that tackle issues of supplier risk management. Each article gives an overview of the technology’s relevant capabilities, how GenAI is used and a high-level market outline that is informed by our recently conducted vendor survey.

Procurement 85

Procurement Risk management Raw materials supply chain software solutions 85

Procurement Freelancers

OCTOBER 18, 2023

Businesses encounter various problems and uncertainties in the complex and changing terrain of contemporary supply… The post Why Supplier Sourcing Solutions Are Essential for Modern Supply Chain Management? first appeared on Procurement Blog | Procurement & Supply Chain News.

Supply chain management 73

Supply chain management Supply chain management Sourcing Supply chain 73

Procurement Heads

FEBRUARY 20, 2023

Procurement functions have moved to ensure ongoing supply by supporting suppliers, diversifying their supply base, near-shoring to reduce lead times and renegotiating contracts to avoid unexpected pricing increases. Are you looking to hire a Category Manager? Get in touch with the team here.

Procurement 130

Procurement Category management Supply chain Purchasing 130

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers Management 52

Procurement Software

MAY 9, 2022

Supplier Relationship Management (SRM) can be complex. Supplier relationship management software can make things a little bit easier. Sales & Marketing teams have reaped the benefits of Customer Relationship Management (CRM) solutions & Marketing Automation for the past 15–20 years. Safeguard Brand Value.

Supplier relationship management 52

Supplier relationship management supply chain software solutions Suppliers 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. Thus it becomes more pertinent to review and analyze the method that is adopted to finalize the list of potential suppliers. Frequency of supplier update.

Suppliers 52

Suppliers Strategic sourcing Strategic sourcing Procurement 52

ivalua

FEBRUARY 25, 2021

This complex series of business processes includes everything from supplier and category management to sourcing projects and contract negotiations and often suffers from inefficiency, poor visibility, unnecessary complexity and missed opportunities. Strategic category management.

Category management 100

Category management Contract management Contract Negotiation 100

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. The two key functional areas are strategic sourcing and category management. Then we also have vendor management. How big is the function?

Strategic sourcing 246

Strategic sourcing Strategic sourcing Vendor management Category management 246

ivalua

FEBRUARY 8, 2023

As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Be proactive to mitigate supply chain risk by understanding your suppliers. Create speed and transparency.

Supply chain resilience 242

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

Procurement Freelancers

MAY 30, 2023

The sourcing procedure, which is used to purchase products and services, includes finding and evaluating… The post Finding And Vetting The Right Suppliers With The Help Of Sourcing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.

Sourcing 91

Sourcing Suppliers Purchasing Supply chain 91

Procurement Heads

FEBRUARY 7, 2023

I had little knowledge about the function, but I was very enthusiastic about being able to make fair supplier comparisons and drive transparent decision-making when it comes to spending corporate money. Category management has been added and embedded into the operating model. There are many benefits of this career strategy.

Supply Chain Efficiency 130

Supply Chain Efficiency Raw materials Category management Sustainability 130