Remove Purchasing Remove Sourcing Remove Supply market capability
article thumbnail

Category management vs strategic sourcing – so much fuss for little difference?

Future Purchasing

From our research, it is clear that many organisations still see category management as simply another term for strategic sourcing. However, we believe that category management and strategic sourcing focus on different aspects and have distinct goals. Strategic sourcing is focused on price reduction. specification management).

article thumbnail

Category management is much more than strategic sourcing

Future Purchasing

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. Value is usually secured via three implementation routes – internal business change, supplier management and sourcing.

article thumbnail

Category Management: Essential or Outdated?

Positive Purchasing

Of data sources? To future-proof their careers, procurement professionals must become conductors, orchestrating the diverse and changing needs of their business partners with supply market capabilities. appeared first on Positive - Procurement transformation, expert training for improved purchasing and procurement.