News and Content for Procurement Professionals

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Categorizing and Classifying Spend - Five Practical Tips

Categorizing your spend is the starting point for category management and a more data-driven approach to procurement. In this article, we will share some practical tips on how to get started.

Six Tips For Organizing a Procurement Function

Based on our experience, we have compiled six specific tips that can be helpful in building a modern procurement function.

How to Address Strategic Categories

The Kraljic Matrix is a useful tool ​​when defining relevant procurement levers for the different categories. Let's take a closer look on how to address strategic categories.

A Practical Guide to Category Management

Many organizations talk about category management, yet relatively few have implemented this strategic approach to procurement. Implementing category management may seem challenging, but our experience suggests that a few, basic principles can take you a long way.

How to Create a Category Structure For Your Business

Classifying, or categorizing, spend provides you with more control, better overview and detailed insights. In addition, it is a vital part of category management and strategic procurement.

Six Steps For Creating an Action-Based Category Strategy

Are you developing a category strategy, but not sure where to start? Follow these six steps to create an action-based category strategy for your company.