Category Management can be the right approach for any procurement organisation – regardless of sector. So the findings in this infographic, part of a fuller, more
In Future Purchasing’s annual survey and report on the status and level of category management implementation in organisations globally, the firm defines two types of category management expert: Leaders and Followers. Leaders have a category
The results confirm that only 28% of organisations categorise themselves as Leaders and 72% as Followers. In an age where it is widely accepted that a category management approach to sourcing has great potential to deliver value beyond traditional methods, through greater alignment with stakeholder requirements and creating long-term strategies for managing spend, the results are somewhat surprising. However, the analysis does show that category management remains a top 3 priority for the majority of procurement teams.
We don’t want to give too much away here, as the report contains a wealth of facts to help make the business case for any category management transformation. But you will discover that Leaders who fulfil their potential in terms of
The impact of executing category management well is summarised in the following infographic. And if you want to
There is also a recording of a webinar we at Spend Matters Europe did recently with Future Purchasing available for listening via this link – titled “Collaborating for Category Management Success – Bridging the Performance and Value Gap”.