Core Elements of a Robust Category Strategy

A category strategy is much more than a document that answers the 5 Ws as it becomes the critical guide to the Category Manager in his/her application of different procurement strategies, levers & tactics to generate value for the company they represent. By including these six elements in your category strategy, you are sure to deliver a significant impact for your organization and see transformative results.

The Workplace of the Future

The COVID pandemic has changed every part of our world, including where we work. The term “office” may now be obsolete, and perhaps it is time to transition to using “workplace” as the all-encompassing term for the places we will work.

The near-term will be a transitional phase, but what can we expect in 2022?

‘Best-of-Breed’ Digital Procurement Solutions

People talk about “best-of-breed” a lot when it comes to digital transformation in procurement, but I’m not sure that they know exactly what it means. In this blog post, we outline what defines “best-of-breed”, why “best-of-breed” is a distinct approach to digital transformation, and how you can decide if “best-of-breed” is the right approach for your team’s digital procurement roadmap.

When It Comes to Recruiting Talent, Are You Ignoring Your Acres of Diamonds?

There is a steady increase in recruiting activity within the procurement industry. Often, there is an assumption that an organization should automatically be looking outside for new talent. However, in going “outside,” we may be ignoring the “internal” diamonds—the talent that we already have in place but have not fully developed or utilized.

Suppliers are People Too

The overall practice of developing, partnering, and retaining your supplier base should be the focus of every procurement person, from the buyer to the CPO. The best way to begin, Steph Shrader has found, is by practicing what should be called the Golden Rule of Procurement: treat your suppliers the way you would want to be treated yourself.