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Procurement Category Management for Business

ProcurePort

The procurement category management process is the intentional action by a company to divide its procurement spend into segments with related items. The post Procurement Category Management for Business appeared first on ProcurePort Blog.

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Category Management Tactics and Execution

ProcurePort

The post Category Management Tactics and Execution appeared first on ProcurePort Blog. However, the greats, the grandmasters and prodigy’s, they all play these matches far, far more quickly than that. See, in the mental landscape of a chess grandmaster, they are likely playing the game 10 or 15, or even 20 moves […].

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The Golden Rules of Category Management Strategy

ProcurePort

• Managing product categories is a critical challenge for procurement professionals. Some of the problems experienced in category management include plenty of work, lack of time, dynamic changes, competitive markets, and technical dependencies. Just as lean management optimizes […]. . Just as lean management optimizes […].

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3 Ways to Succeed in Category Management

ProcurePort

What does it take to be successful with category management? Procurement leaders within organizations are not unaware of the importance of procurement category management. In fact, up to 96% of CPOs view category management as a top 3 priority. How can procurement managers know that their strategies are working?

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What is Category Management?

ProcurePort

The post What is Category Management? appeared first on ProcurePort Blog. Mainly, procurement solutions need to fit the specific needs of your business or organization, and therefore it’s unlikely […].

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What is Category Management (Purchasing) and How Do You Use It?

ProcurePort

Category management (purchasing) in procurement refers to the grouping of related spend items together with a view of finding value opportunities. Categories can be vendors, country of origin, price, volume, or even frequency of purchase. The post What is Category Management (Purchasing) and How Do You Use It?

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How to Improve Your Procurement with Category Profile Sourcing

ProcurePort

According to Gartner, the typical requisition-to-order cycle time for simple categories is just four hours while that of more complex categories is 30 days. The post How to Improve Your Procurement with Category Profile Sourcing appeared first on ProcurePort Blog.

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