Strategic Sourcing vs Category Management - What's the Difference? | Fractory
Strategic sourcing delivers quick wins, while category management ensures those wins are sustained and integrated into long-term strategies.| Fractory
Strategic sourcing delivers quick wins, while category management ensures those wins are sustained and integrated into long-term strategies.| Fractory
Negotiation isn’t just a skill for salespeople—it's essential for anyone dealing with deadlines, contracts, or complex conversations.| Fractory
Procurement KPIs are quantifiable metrics used to track and assess procurement efficiency, cost reduction efforts, and supplier performance.| Fractory
Category management is an approach to procurement where similar products and services are grouped to consolidate spend and maximise savings.| Fractory
Spend analysis is the structured process of collecting, cleaning, classifying, and analysing procurement expenditure data.| Fractory
In 2025, supply chains face an array of challenges, such as geopolitical tensions, tariffs, labour shortages & raw material shortages, etc.| Fractory
There are many ISO standards to follow and certificates to acquire. Manufacturing companies usually target a few of them. Get to know the 5 most used ones.| Fractory
Sustainable procurement integrates ESG factors into decision-making, meeting business needs while minimising harm to the planet & society.| Fractory
Project management triangle states that maximising cost, speed and quality at the same time is impossible. We look how to achieve an optimal solution.| Fractory
Transportation costs are the expenses related to moving goods, such as operational costs, driver wages, and maintenance, among others.| Fractory
Value Engineering aims to provide required functionality at the best cost, while Cost Engineering accurately estimates and controls costs.| Fractory
Procurement, often referred to as strategic sourcing, is the process of acquiring the goods and services a company needs to operate.| Fractory
Engineering, Procurement & Construction projects entail all aspects of design & construction for a client, culminating in a turnkey handover.| Fractory
Procurement transformation refers to the strategic overhaul of processes, practices and organisational structures to improve efficiency, effectiveness & value generation.| Fractory
SRM is a strategic approach to procurement process, involving the development and ongoing management of partnerships with critical suppliers.| Fractory
