Do You Know the Difference Between Strategic Sourcing and Category Management?

    Category Management is the latest advancement of the Strategic Sourcing process and is taking our professional community by storm. The ability to align strategic business objectives with appropriate sourcing strategies is finally allowing procurement and supply chain professionals to become far more strategic. The move to the C-Suite clearly is made easier by Category Management. Adapted from the retail sector, this paradigm has fundamentally shifted the role of Procurement/Supply Chain. Finally, there is a path to providing significant strategic value to the corporation and shed the stigma of being nothing more than cost-cutters. What needs to happen within your organization to make the transition from Strategic Sourcing to Category Management?

      The Journey From Strategic Sourcing to Category Management- Strategy and Risk Management

      We launched the webinar series with a discussion of the major differences between Strategic Sourcing and Category Management and now we will move into the nitty gritty of getting there. Using the TMG Sourcing Maturity Model as the framework, we will tackle two domains in every webinar. The next webinar will cover Strategy and Risk Management. We will discuss the differences between Strategic Sourcing and Category Management in those domains; the challenges of making that transformation happen and some of the steps that you will need to take.



      Strategy:
      • Not just the time frame but also the integration with Corporate Strategy and absolute alignment with the BUs
      • How to “sell” your new strategy internally
      Risk Management:
      • Convert Risk Management into a competitive advantage
      • Apply a portfolio approach