Category management is not just a new name for strategic sourcing. Rather, strategic sourcing is one of the tools used by category teams to manage procurement expenditure to achieve mission value.

STAMFORD, Conn.--(BUSINESS WIRE)-- Enterprises are expanding procurement strategies beyond cost reduction, seeking to optimize processes and reduce time to market, according to a new research report ...

Competition is fierce, clients are more demanding than ever, and on top of it all, there are talks of a recession making everyone hyper-sensitive to price. Under these conditions, you cannot increase ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

This article will outline and differentiate between the two primary approaches to increasing work efficiency. The discussion will start with a general focus on the topic and then at the end tie-in to ...

APQC released the results of its latest study, Supplier Category Management: Driving Value Through the Procurement Process. Audit, tax, and advisory services provider KPMG LLP served as the research ...

This is an excerpt of the original article. It was written for the July-August 2019 edition of Supply Chain Management Review. The full article is available to current subscribers. If you’re a ...

What is procure to pay, and how does it work? Every purchase your company makes follows a journey. It starts when someone needs something and ends when you pay the invoice. This journey, called ...