Articles

Reducing Costs with Centralized Category Management

Category management managers are employing a broader set of performance metrics that go beyond vendor savings, including operating efficiency metrics such as: procurement operating cost as a percentage of total savings; spend managed per procurement employee; and, purchase orders processed per procurement employee. This added focus on operating performance helps to balance the savings achieved using new sourcing approaches with the cost required to achieve them.

Read More at The Wall Street Journal >

 

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