Across the course of this webinar series this year, it has been increasingly apparent how the Polycrisis has pushed procurement leaders to find better ways to mitigate risks for their organisations. We have explored the merits of more effective business partnering, increased supplier collaboration, new approaches to direct sourcing and refreshed talent and workforce strategies.

Another response for many organisations has been to put a renewed focus on category management. A recent Economist Impact report highlights the increased impact as it found that 32% of CPOs want strategy identification to be improved by technology for category management. It is clear then, that while formerly viewed as just a sourcing process or administrative function, category  management is becoming a strategic way for companies to prepare their organisations for an uncertain future, open up new channels of supply and adopt differing approaches.

In this session, senior procurement leaders from Procurement Leaders and SAP will explore three common mistakes (or misconceptions) procurement makes in category management and how best to remedy them. Our panel will deep dive into:

• How category management has been viewed as only an administrative function
• Why some organisations fail to prioritise digitalisation
• The opportunity cost of not adequately upskilling talent

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