Strategic sourcing delivers quick wins, while category management ensures those wins are sustained and integrated into long-term strategies.| Fractory
Kraljic matrix is used in procurement and supply chain management to categorise purchases and suppliers by their supply risk & profit impact.| 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
Should procurement report directly to the CFO, COO, or even the CEO? Or is it best positioned within supply chain or operations?| Fractory