Dave Matchack’s Post

Category Management - Is It More Than Just Strategic Sourcing? This article explores the true nature of category management beyond strategic sourcing. Read more here: @FPurchasing

What is strategic Sourcing? Remember that I just attended a great meeting. I was asked how I viewed strategic sourcing, versus category management, versus purchasing. This visual at least gives you a better idea about the relationship and the process.

Great visual on how more value can be added to the sourcing process. Highlights of the key differentiators include: ensuring the best fit, negotiating for the best value, and validating and monitoring contract compliance.

What is strategic Sourcing? Remember that I just attended a great meeting. I was asked how I viewed strategic sourcing, versus category management, versus purchasing. This visual at least gives you a better idea about the relationship and the process.

Diving deeper into the sourcing process can unveil significant efficiencies and cost savings. A strategic sourcing approach not only considers the price but also values the procurement team's time and resources to ensure the best possible outcome. Check out this insightful infographic which masterfully details the difference between traditional, three-bid, and strategic sourcing methods. By understanding these nuances, we can shift our perspective from cost to value, driving better decisions for our organizations. #ValueOverCost #supplychainefficiency. Credit to SourceOne Services, LLC and Mr. Gerald (Jerry) Ford for the infographic. #strategicsourcing #Procurement

With over 5+ years as a Senior Procurement Engineer, I've found that embracing Strategic Sourcing significantly streamlines cost-effective procurement. It not only enhances efficiency and cultivates lasting supplier connections but has been pivotal in aligning procurement practices with broader organizational success! #StrategicSourcing #EssentialForEffectiveBuying

Great webinar to learn some best practices in category management - hope to see you there!

I've just earned a new certification in Introduction to Strategic Sourcing and Category Management in Supply Chain Management!✨🚀 This has helped me enhance my knowledge in e-sourcing, category sizing, spend analysis, price analysis and negotiations. #SupplyChainManagement #StrategicSourcing #CategoryManagement #Certification

Strategic sourcing and category management. Do they mean the same thing? Although they are often used interchangeably, they have different meanings. Strategic sourcing is concerned with finding the best supplier. Category management, on the other hand, is more of a holistic approach that manages spending across the entire procurement life cycle. Read more on category management here: https://bit.ly/3ydydpH Read more on strategic sourcing here: https://bit.ly/3JRKeUm #StrategicSourcing #CategoryManagement #ProcurementLifeCycle

Strategic sourcing and category management. Do they mean the same thing? Although they are often used interchangeably, they have different meanings. Strategic sourcing is concerned with finding the best supplier. Category management, on the other hand, is more of a holistic approach that manages spending across the entire procurement life cycle. Read more on category management here: https://bit.ly/3ydydpH Read more on strategic sourcing here: https://bit.ly/3JRKeUm #StrategicSourcing #CategoryManagement #ProcurementLifeCycle