Remove Category Management Remove Goods & Services Remove Innovation
article thumbnail

3 Ways Procurement Can Help Grow Revenues (Part 2)

ivalua

Unlocking Supplier-Led Innovation. Supplier-led innovation can help increase margins, accelerate time to market and differentiate products/services to capture market share. Effectively category management, including assessing and monitoring suppliers and your risk exposure, is not possible without quality data.

article thumbnail

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

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. . Just getting the goods is not enough – as we continue to experience the ongoing impact of COVID-19 on global supply chains.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the 5 Steps of the Procurement Journey Part 2

The Procurement School

In instances, such as a limited number of potential bidders, a complex procurement or a new or innovative concept a procurement may be posted longer to attract more bidders. Fleet and Logistics Category Manager. The posting time is determined primarily by the procurement’s estimated value.

Bidder 52
article thumbnail

what is the difference between public and private sector procurement?

The Procurement School

demand aggregation As one strategy for meeting this obligation, both sectors look for opportunities for volume buying or ‘demand aggregation’ wherever possible and often approach strategic sourcing from a category management perspective.