“You have to make sure that what procurement is doing is going to matter to the rest of the business,…
Philip IdesonJanuary 24, 2022
Although category management is not a new idea within procurement, the benefits of this higher-level approach have yet to be fully realized.
Unlike traditional strategic sourcing, category management looks across a wider pool of demand, spend, and suppliers to take advantage of creative cost models and efficiencies. Categories such as logistics, software licensing, professional services, and telecom have been shown to deliver above average returns when they are managed more holistically with a higher level of contextualized expertise.
The resources on this page will help you define and implement a category management program and provide actionable insights into some of the more common spend categories.
