Remove Sourcing Remove Supply market Remove Supply market capability
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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).

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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.

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Category Management: Essential or Outdated?

Positive Purchasing

There is a tremendous opportunity to digitize and automate most, if not all, data collection: external supply market insights, internal data, perspectives from stakeholders, and other intelligence. Of data sources? Automating category management. All that insight is great, but what are you going to do with it?