BOOSTING PROFITABILITY THROUGH BETTER CATEGORY MANAGEMENT

In an environment where many organisations are suffering from “demand shock” with revenues and profits under significant pressure and at the mercy of forces which are beyond their ability to control, thoughts naturally turn to the management of cash and costs.

A number of recent C suite surveys have shown that many companies have responded by slashing capex, reinforcing existing financial performance controls including client credit management, suspending dividend payments and so on. All very understandable, but this also begs the question ‘Are external cost reduction and value management levers also being pursued with the same degree of rigour?’.

If the answer to this question is ‘no’, companies should seek to implement an effective category management programme focused on the systemic identification and delivery of value-creating opportunities across their third party spend base.

Read our white paper which highlights the key enablers that are central to benefits realisation. Can your organisation identify with these? 

 

Category Management White Paper
Published: August 4, 2020

 

This white paper has been guest written by Mark Sukiennik. Mark is Managing Partner at Intelligent Sourcing Solutions Limited. He has worked in procurement for over 30 years and has previously operated in a variety of procurement and consultancy leadership roles. The aim of our white papers is not only to provide useful insight, but also to provoke thought and discussion around key procurement topics.

Please leave a comment in the box below to share your thoughts. Or share your ideas on category management on our Topic of the Month within our Community Forum

More invaluable information from Barkers Procurement
The Barkers team brings the experience and lessons learned from transforming procurement organisations please find further help below;

Experts in Category Management and More

Find out how we undertake a category management review with our clients. Read about the benefits to you and the process involved.

Strategic Procurement; Category Management’

We regularly post blogs that we think will be of interest and of use to you. Take a look at our blog ‘Strategic Procurement: Category Management’ for more information on category management.

Support your Category Management Process

Our unique digital toolkit can help you demonstrate the value of strategic sourcing and category management in your organisation. Find out more.

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