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What’s the Difference Between Commodity Management and Category Management?

Supply Chain Game Changer

In my Manufacturing experience the Procurement function was essentially split between Commodity Management (or Strategic Sourcing) and Tactical Buying. The Tactical Buying teams performed all of the day to day Procurement activities. They would place, change, and manage purchase orders.

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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

The procurement department encompasses all steps in acquiring goods, services, and works from external suppliers and performs various functions such as managing the procurement process, developing strong relationships with internal stakeholders, and negotiating contracts.

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The Role of Managed Procurement Services in Supply Chain Optimization

Empowering CPO

As a leading provider of procurement intelligence services, our mission is to empower Chief Procurement Officers (CPOs) and their teams with insightful, actionable data that drives strategic decision-making. This restructuring led to centralization of functions, improved visibility, and robust contract compliance.

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Implementing a Spend Analysis Solution: Steps and Best Practices

Empowering CPO

We are committed to assisting our clients in unlocking the full potential of their procurement processes, enabling them to make data-driven decisions, achieve cost savings, and drive strategic sourcing initiatives. We achieved substantial savings and improved overall procurement efficiency.”