The Good Spending

APRIL 3, 2022

Category management is the brain and spine of strategic procurement. Procurement largely relies on category management in its constant endeavor to transform transactional purchasing into a value-creation machine. This post analyzes what makes genuine category managers and " separate future physicians from those who wanna play doctor."

Category management 52

Category management Demand Management Procurement 52

Spend Matters

JANUARY 5, 2024

Our coverage also explores the latest thought leadership topics about procurement and supply, the technology that serves it and comparative analyses based on demos and the scoring of 500+ RFI requirements across 12 source-to-pay (S2P) categories that create our Vendor Ranking data.

e2e 78

e2e Procurement supply chain software solutions Contract 78

Spend Matters

JANUARY 9, 2024

This might be for small use cases like replacing Google when we have a question or more advanced cases like supporting category managers in the buying process. In fact, just recently, we held a webinar with CASME exploring this same topic, bringing together two procurement leaders, who had perspectives from both sides of the argument.

Procurement 79

Procurement Buying process Suppliers Category management 79

IBM Supply Chain Blog

FEBRUARY 2, 2024

Not an easy task when you need to celebrate the achievements and stories of more than 1,000 nominees across nearly 100 categories. Next they select an artist or award category to feature, the subject of the post, such as biographical information, GRAMMY achievements, or philanthropic causes, and any topics to exclude from the output.

Collaboration 61

Collaboration Data Innovation Networking 61

Supply Chain Game Changer

NOVEMBER 2, 2022

For example, a clothing retail website may have an IA that includes main categories such as men’s clothing, women’s clothing, and kids’ clothing. Within each of these categories, there may be subcategories for different types of apparel (e.g. When grouping content, consider both the topic and the tone.

Supply Chain Optimization 84

Supply Chain Optimization supply chain budgeting supply chain software solutions Inventory 84

The Good Spending

MAY 28, 2023

Here we assume that the interaction with end-users will happen via the Procurement Service Desk in Middle Office, the sourcing function will reside in Front Office alongside the Category Management and Front Office will also include the Strategy, Analytics, and Functional Development capabilities. My Udemy course "Value-based Procurement."

Procurement team 52

Procurement team Procurement Category management Sourcing 52

Solvoyo

JUNE 10, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. As customers’ options increase, so do their expectations. 2) Early Detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Solvoyo

JUNE 9, 2020

Increasing competition by online marketplaces, along with evolving consumer expectations and shopping patterns are making the category management decisions more complex. Category management and merchandise planning are at the core of retailing. As customers’ options increase, so do their expectations. 2) Early detection.

Category management 52

Category management Supply Chain Optimization Agile and Lean Supply Chain Supply Chain Analytics 52

Solvoyo

JUNE 9, 2020

The decisions around category management can no longer be supported by manual analysis based on broad assumptions and averages. Category management and merchandise planning are at the core of retailing. CIOs can use this research to identify technology trends and vendors that can propel the transformation. .

Category management 52

Category management Agile and Lean Supply Chain Supply Chain Analytics Supply Chain Optimization 52

Spend Matters

JANUARY 23, 2024

This article was derived from an interview between Spend Matters analysts Pierre Mitchell and Bertrand Maltaverne based on research conducted in partnership with SAP. We see this with the incorporation of a LLM into SAP Ariba Category Management and the increasing role of Joule across our portfolio.”

Category management 64

Category management Data Procurement supply chain software solutions 64

The Good Spending

MARCH 10, 2023

They're further aiming at category management, reporting, and operational SRM ; the closer you're to the center, the safer your job is." To keep receiving new insights and research, please subscribe here. More information on this and other exciting topics can be found in "The Technology Procurement Handbook."

Procurement 52

Procurement Category management Influencing Budget 52

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. The Category Management Course is designed to provide the necessary knowledge and skills required to support procurement projects or roles effectively.

Cost of ownership 78

Cost of ownership Procurement Category management supply chain software solutions 78

Let's Talk Supply Chain

FEBRUARY 26, 2024

10.28] With research showing that most supply chain teams have only 6% visibility over their supply chains, the risks inherent in a lack of visibility, and how the final mile is helping to move the needle. 13.10] The different options available to customers, and why the big and bulky category is changing the last mile game.

Real-time Visibility 59

Real-time Visibility supply chain software solutions Supply Chain Optimization supply chain budgeting 59

ivalua

SEPTEMBER 19, 2022

How to properly assess risk is itself a complex topic which I can barely scratch the surface of here. According to research by Dun & Bradstreet , 163 of the Fortune 1000 had one or more Tier 1 suppliers in and around the Wuhan, China coronavirus hot zone, but nearly all (938) had one or more Tier 2 suppliers there.

Risk management 130

Risk management Supply Chain Efficiency Risk Supply Chain Optimization 130

The Good Spending

JULY 27, 2022

Thereby, the authors of the Salience Theory identified 7 categories of stakeholders, as follows. This leaves us with two stakeholder categories to match - discretionary and dependent. Charitable organizations fall under this category, as well. To keep receiving new insights and research, please subscribe here.

Procurement 52

Procurement Demand Influencing Sourcing 52

Procurement Software

MARCH 12, 2024

Gartner has also put together an interesting, well written article on the topic which I would highly recommend as an introductory guide. The case for Generative AI in procurement Nowadays, with the opportunities that AI in procurement offers up, there’s no longer a need to grind out research or analysis manually.

Procurement 52

Procurement Category management supply chain software solutions Data 52

The Good Spending

MAY 8, 2022

This broad category includes: fully or partially avoided price increase and/or indirect expenses (logistics, repair, and maintenance, consumables, etc.,) Principals' perception of cost avoidance affects purchasing agent behavior This point nicely formulates the human side of the cost avoidance topic.

Procurement 52

Procurement Quality Contract Price 52

Procurement Heads

AUGUST 9, 2023

I worked for them for 3 years in the Commercial function, did Procurement in different capacities and made my way up to Category Manager whilst I was there. Yes, 100%, we are pulling together our research paper this year and the main topic is the extended enterprise, which links quite closely to sustainability.

Sustainability 130

Sustainability Procurement Supplier relationship management Suppliers 130

Procurement Software

MARCH 19, 2024

Gartner’s introductory guide to this topic provides a great overview. Generative AI’s current impact in procurement is best illustrated by tech-savvy procurement category managers leveraging apps like ChatGPT and Bard to streamline the execution of routine tasks. Anyone who has used ChatGPT or Midjourney can confirm this.

Procurement 52

Procurement Category management supply chain software solutions Data 52

IBM Supply Chain Blog

AUGUST 28, 2023

Topic modeling: Topic modeling aims to discover underlying themes and/or topics in a collection of documents. Popular algorithms for topic modeling include Latent Dirichlet Allocation (LDA) and non-negative matrix factorization (NMF). It can help identify trends, extract key concepts and predict customer interests.

Data 58

Data Influencing Strategy Product development 58

Una

NOVEMBER 30, 2022

While digital procurement has been a topic for several years, the receding pandemic and geopolitical conditions have brought the topic to the forefront of many companies. According to a survey from Pew Research Center , the “quit rate” in the U.S. Let’s quickly look at five benefits of digital procurement.

Procurement 97

Procurement Supply Chain Efficiency Supply Chain Optimization Supply chain 97

Una

AUGUST 17, 2022

For the sake of simplicity, and to maybe bring a little humor to the topic of tail spend , we’ll start by comparing it to a house cat. Why it's worth getting this category under control. One ERP or procure-to-pay system doesn’t work for all categories and for all business needs. Let’s dive in. Gain visibility.

Real-time Visibility 98

Real-time Visibility Spend management Procurement team Purchasing 98

Empowering CPO

JUNE 26, 2023

It enables healthcare providers, hospitals, and medical institutions to gain a holistic view of their spending habits, identify savings potential, negotiate better contracts with suppliers, and ultimately redirect saved funds towards improving patient care, investing in research and development, or upgrading infrastructure.

supply chain budgeting 52

supply chain budgeting Supply Chain Optimization Supply Chain Efficiency Supplier consolidation 52

The Good Spending

JANUARY 3, 2022

All-purpose RFPs and blanket e-auctions may put governance above business interests and demotivate suppliers unless consciously applied to appropriate categories. To keep receiving new insights and research, please subscribe here. The need for agile sourcing is undeniable.

Sourcing 52

Sourcing Suppliers Innovation Procurement 52

The Good Spending

OCTOBER 4, 2021

With these six simple rules in mind, the practical implementation could be staged into Forecasting of savings targets (category planning). First, your category plan must include the forecast of savings and other benefits. To keep receiving new insights and research, please subscribe here. Delivery of projected savings.

Procurement 52

Procurement Management Budget Price 52

Procurement Heads

JUNE 28, 2022

We have to be demonstrating the response to these challenges, not trotting out the same category strategies and six-month templated processes that suit no one other than procurement. If you aren’t engaged on these topics now with active plans endorsed by leadership that procurement is seen to be leading, then what are we here for?

Chief Procurement Officer 130

Chief Procurement Officer Supply Chain Optimization supply chain budgeting Innovation 130

ivalua

DECEMBER 6, 2022

Nowadays, Procurement practitioners primarily talk about emerging topics like the reduction of scope 3 emissions, supplier-enabled innovation and supply risk management. As a result, purchases are linked to the wrong sub-category which jeopardizes the quality of spend analyses while it creates rework in the downstream process.

e2e 130

e2e Suppliers Procurement Contract 130

Supply Chain Collaborator

MARCH 4, 2015

per gallon than at this same time last year according to Transport Topics. Invest a portion of these fuel savings into logistics IT solutions and you’ll drive cost savings on overall transportation spend through efficiency improvements in the following eight areas: Savings Category. Projected Savings Range. Routing Effectiveness.

supply chain software solutions 68

supply chain software solutions Supply Chain Optimization Supply Chain Efficiency Logistics 68

Planergy

JANUARY 19, 2023

It has been applied to various topics such as economics, business management, quality control, and mathematics. The Pareto Principle, sometimes called the 80/20 rule, is an idea formulated by economist Vilfredo Pareto in 1896. This principle essentially states that roughly 80% of outcomes are determined by 20% of causes for many events.

supply chain budgeting 52

supply chain budgeting Procurement Supply Chain Efficiency Supply Chain Optimization 52

Una

NOVEMBER 19, 2023

The conversations, guided by our host, Kelly Barner with Art of Procurement, are always full of industry insight and knowledge and touch on various topics impacting procurement. Denis Wolowiecki, Executive Managing Directo, CAPS Research Listen to the full episode here. Just care. I think that’s what a sourcing hero means to me.

Sourcing 52

Sourcing Agile and Lean Supply Chain supply chain software solutions Procurement 52

Claritum

AUGUST 4, 2020

The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Securing competitive suppliers for Indirect Spend categories. many articles written on this topic, let’s for a moment assume that we. organisation is affected by supply in their specific Category. any benefit.

Procurement 41

Procurement Procurement team Supply Chain Efficiency Purchasing 41

ivalua

NOVEMBER 29, 2021

This creates a supplier information profile complete with diversity categories, certification data, and contact information. Our research found 82% of procurement leaders discovered that their supplier data was less than adequate during the pandemic – less than adequate! .

Sourcing 130

Sourcing Sustainability Suppliers Data 130

The Good Spending

MARCH 22, 2023

I surfed the web for examples of procurement books (my niche topic) and noted their publishers. Step 2: Research the Author section and draft a book offer Each publishing house has a website with an Author section. However, it shouldn't be a surprise for a niche-topic author whose global audience can be counted in thousands.

Networking 98

Networking Influencing Procurement Contract 98

Claritum

NOVEMBER 16, 2018

The following diagram shows the relationships that should exist between suppliers, users and Category Managers. Securing competitive suppliers for Indirect Spend categories. Rather than repeat the many articles written on this topic, let’s for a moment assume that we are already well advanced on developing supplier relationships.

Procurement 69

Procurement Procurement team Supply Chain Efficiency Purchasing 69

Procurement Software

JANUARY 24, 2023

I suspect that the number of attendees was similar to what Worldwide Business Research, the organisers of ProcureCon, expected. Headline topics at ProcureCon were digitisation, sustainability (and ESG more generally), as well as attracting and retaining the best talent. Whereas DPW had approx. Who were the attendees at ProcureCon EU?

Procurement 52

Procurement Quality Procurement team Stakeholder engagement 52

Supply Chain Game Changer

NOVEMBER 17, 2018

Simply type in a category you’re interested in and see what people are promoting through ads. You can also use tools like the MerchantWord’s keyword researcher to find items that are being searched for frequently online. Choose a Seller Category. Choose a seller category based on the size of your business. Categories.

Export 43

Export Price Real-time Visibility Supply Chain Optimization 43

The Good Spending

JULY 27, 2023

Let's look closer at the sourcing strategy for this category. Category managers and analysts must consider all those factors to develop a balanced sourcing strategy. Category management lifebuoy All of the above is meant to prove the importance of category management. water transmission and distribution.)

Category management 52

Category management Management Logistics Price 52