Federal News Network

MARCH 26, 2025

billion in costs through category management in fiscal 2024, nearly 29% above their goal for the year. And while no one would say government purchasing has exactly become simple in the intervening 10 years, category management and best-in-class contracting have done their share of work toward making things better.

Category Management 54

Category Management Management Purchasing Budget 54

ivalua

FEBRUARY 8, 2023

This way, if one supplier is impacted by a disruption, you can source goods from another supplier. Flexibility: Another way to reduce risk is to build flexibility into your supply contracts. This way, you’re not locked into long-term contracts with suppliers who may not be able to meet your needs in the event of a disruption.

Supply Chain 97

Supply Chain Supplier Manufacturing Procurement Team 97

ivalua

FEBRUARY 25, 2021

Additionally, a purpose-built solution will enable you to measure and monitor buyer adherence to compliance purchasing, ensuring your team is taking advantage of preferred items and reaping the rewards of the contracts you have in place. Demand planning capabilities. It seems that the era of best-in-class supply chain solutions has arrived.

Supply Chain 88

Supply Chain Management Total Cost of Ownership Warehouse 88

ivalua

MAY 15, 2020

He focused initially on sourcing and category management, because that would give the biggest return on investment as the firm moved from contract administration, to tactical sourcing, to true CatMan and strategic sourcing. Simplification of systems and tools was a key part of the programme.

Procurement 52

Procurement Supply Chain Strategic Sourcing Category Management 52

The Coalition for Government Procurement

MAY 13, 2024

We were excited to provide a forum for the acquisition community to continue the conversation on “What is Fair and Reasonable” when it comes to government market conditions, contract terms, procurement policies, and regulations.

Supply Chain 59

Supply Chain Procurement Participation Professional Services 59

ivalua

AUGUST 17, 2021

Identifying Value , is where procurement teams leverage spend data and spend analysis to understand trends in spend and identify opportunities and develop category management strategies. . Creating Value occurs when sourcing and procurement uses relevant sourcing processes and tools to engage and select the best fit supplier.

Procurement 52

Procurement Supply Chain E-procurement Procurement Team 52

ivalua

MARCH 14, 2019

But now with strategic sourcing and category management, the process has become much easier to track, monitor and control. Add sourcing workflow to the mix, and introduce machine learning that can link directly to the supplier and track savings, then you can start to see where the science comes in.

Procurement 40

Procurement IT Purchasing Supply Chain 40