In today's dynamic business environment, procurement is shifting from cost efficiency to category management as a strategic enabler. Effective category management fosters innovation, resilience, and alignment with broader business goals. By leveraging advanced analytics, organizations gain deeper insights, anticipate market trends, and optimize strategies.
In this edition, we understand how category management drives procurement excellence by leveraging predictive analytics and then delve deeper into its pivotal role in contemporary procurement. The edition also features Portland Procurement Survey 2025 report that reveals procurement's evolution into a pillar of innovation, sustainability, and long-term growth.
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TEAM SPENDBYTES
Opinion
In an era where professionals are brainstorming to elevate the role of procurement in business operations, it is imperative to unlock the potential of predictive analytics on category management within sourcing and procurement value chain to enhance strategies and drive cost savings.
Know howFeature
Category management is transforming procurement by shifting from cost control to strategic value creation. By segmenting similar items and crafting tailored strategies, organizations can maximize value, enhance resilience, and align with broader business objectives.
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Survey
As procurement continues to mature, maximising value from external expenditure intensifies. This survey reinforces the strategic evolution of procurement, emphasising its expanding role as a critical enabler of enterprise-wide value and long-term business success.
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