Capturing the Next Value Frontier of Value through Category Management
In the current environment, successful category management requires a broader set of capabilities than in the past. Traditional category management aimed to achieve higher savings and greater spending discipline through improved organizational structure, defined categories, standardized processes, policies and strategic sourcing. The next wave of improvements came by way of compliance management, demand management, technology (Spend Analytics, eAuctions, Procure-to-Pay, etc.) and BPO. It is imperative for best in class companies to constantly seek new ways to drive value.
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In the current environment, successful category management requires a broader set of capabilities than in the past. Traditional category management aimed to achieve higher savings and greater spending discipline through improved organizational structure, defined categories, standardized processes, policies and strategic sourcing. The next wave of improvements came by way of compliance management, demand management, technology (Spend Analytics, eAuctions, Procure-to-Pay, etc.) and BPO. It is imperative for best in class companies to constantly seek new ways to drive value.