Future Purchasing

'Insights' provides the key resources needed to achieve strategic procurement excellence. This edition combines all the resources you need to transform your procurement organisation by taking a structured approach to strategic procurement and leveraging the 2024 Category Management Report to develop an integrated operating model for category management. Enjoy the read!

RECORDING AVAILABLE | Webinar explored how to increase value delivery from Category Management by turning benchmarks into actions Embedding Category Management across the Procurement Operating Model and sharing practical tips for building & continuously developing effective category teams using insights from the 2024 Category Management Report was the key focus of our recent webinar ‘From Benchmarks To Traction: how to turn Category Management into a value driver’. The recording is now available. Facilitated by Fabian Lampe, Founder of Advance Procurement, Mark Webb and Rachael Legg FCIPS / MEng Hons / EMBA Legg, former interim CPO at Rolls-Royce, discussed the power of external benchmarks for assessing the maturity of procurement organisations and Category Management processes, and how to translate the findings into practical actions that turn Category Management into a competitive advantage and value driver for an organisation. Based on the 2024 Global Category Management Report, the most comprehensive source for benchmarking in Category Management, the discussion explored the operating model dimensions and how to think more holistically about Category Management. The report explains each dimension in detail and provides benchmarks and actionable advice for how to improve across 70+ metrics. Going deep on selected examples to demonstrate how they can be turned into a clear plan of action was the red line throughout the discussion and makes the recording relevant to everyone trying to improve their CatMan practices. Watch the recording to gain practical tips on how to move 'From benchmarks to traction' and deliver more value through Category Management here: https://hubs.ly/Q02-VbMB0

🚨 Only 3 hours until our webinar 'From benchmarks to traction'! Join us at 2 PM BST to hear how Procurement can drive more value from Category Management! Mark Webb and Rachael Legg FCIPS / MEng Hons / EMBA will share their learnings from implementing Category Management across organisations and industries and why they will continue to do so. 👉 Register here https://hubs.ly/Q02ZN8vy0

We are delighted to announce that Matt Jones has joined the Future Purchasing Leadership Team as our Procurement Transformation Director, responsible for advancing and growing our Procurement Transformation service offering. Matt brings with him a wealth of industry and consulting experience, having held leadership roles in the public and private sectors, and understanding of how enabling technologies are accelerating change. We have asked him to lead and develop our Procurement Transformation service offerings, working with our consulting and digital partners across markets, and with Mark Bassington, our Partner for Public Sector and Director of Client Services: Matt becomes our Healthcare Practice lead. Over the past 20 years, Future Purchasing has developed best practice, practical interventions and future thinking in category management, negotiation, supplier relationship management, procurement transformation and stakeholder engagement.  This aligns beautifully to Matt’s strengths and his passion for working alongside procurement professionals, to help both individuals and teams to develop and realise their full potential.   We and the team at Future Purchasing look forward working with Matt. Please reach out to him at: Matt Jones or [email protected]

📺 Join our upcoming webinar with Mark Webb and Rachael Legg FCIPS / MEng Hons / EMBA, former interim CPO at Rolls-Royce on how organisations can turn CatMan into value driver that delivers exponential value by leveraging the benchmarks and recommendations from the 2024 Category Management Report (link in comments). Moderated by Fabian Lampe, Founder of Advance Procurement they will discuss how to design a Procurement Operating Model that sets CatMan up for success, explore key findings of the report, and share practical tips for building effective category teams. Register for the free webinar on November 28th at 2:00 PM GMT / 3:00 PM CET here 👉 https://hubs.ly/Q02YSqgN0

📺 Join our upcoming webinar with Mark Webb and Rachael Legg FCIPS / MEng Hons / EMBA, former interim CPO at Rolls-Royce on how organisations can turn CatMan into value driver that delivers exponential value by leveraging the benchmarks and recommendations from the 2024 Category Management Report (link in comments). Moderated by Fabian Lampe, Founder of Advance Procurement they will discuss how to design a Procurement Operating Model that sets CatMan up for success, explore key findings of the report, and share practical tips for building effective category teams. Register for the free webinar on November 28th at 2:00 PM GMT / 3:00 PM CET here 👉 https://hubs.ly/Q02YSqgN0

OPERATING MODEL | How many Category managers does your organisation need? Leading procurement teams deliver twice the value & savings with half the resources than low performers. Getting the right balance of category managers is therefore key to maximising operational efficiency and effectiveness. The 2024 Global Category Management Report found that 70% of organisations state they do not have sufficient resources to perform effective Category Management. But having sufficient category manager teams is crucial for delivering exceptional value. Our "Influence the Future - The 2024 Global Category Management Report" provides comprehensive insights and tips for maximising operational efficiency and effectiveness by outlining best practices across 13 dimensions of the category management framework. 👇 Download the free report today and learn how to right-size your Category Management team! https://hubs.ly/Q02Y9Pr50

📺 WEBINAR | Upcoming webinar explains how to increase value delivery from Category Management by turning benchmarks into actions  External benchmarks are key for assessing the maturity of procurement organisations and for identifying improvement opportunities. Verifiable numbers are hard to come by and turning them into meaningful actions is even harder. Our upcoming webinar explains how procurement leaders can leverage the 2024 Category Management Report to increase the value delivery from category management teams.    The 2024 Global Category Management Report is the most comprehensive source for benchmarking around Category Management in the world. It offers 70+ benchmarks in 6 dimensions and actionable insights & advice for how to maximise value from your Category Management organisation.    Mark Webb, MD at Future Purchasing, and Rachael Legg FCIPS / MEng Hons / EMBA , former interim CPO at Rolls-Royce, will discuss how organisations can turn CatMan into value driver that delivers exponential value by leveraging the benchmarks and recommendations from the 2024 Category Management Report. Facilitated by Fabian Lampe, Founder of Advance Procurement, they will explore key findings of the report, discuss how dimensions of the Procurement Operating Model need to be aligned to set an organization up for success, and share practical tips for building & continuously developing effective category teams.    Join our free webinar on November 28th at 2:00 PM GMT / 3:00 PM CET to gain practical tips on how to move 'From benchmarks to traction' and deliver more value through Category Management.    👉 Register here: https://lnkd.in/e4in8Zta  #Webinar #CategoryManagement #2024CategoryManagementReport #InfluenceTheFuture 

'Insights' brings you the latest perspectives and observations on topics helping you achieve excellence in strategic procurement. Our latest edition focuses on practical tips from procurement leaders on designing operating models around Category Management to create lasting value. ✔️ Free upcoming webinar on how benchmarking helps drive value from Category Management ✔️ Recap and key takeaways from SAP Spend Connect Live ✔️ The 2024 Category Management Report is now available ✔️ NHS case study on how to improve cross-functional collaboration through a structured Category Management approach Enjoy the read!

REPORT INSIGHTS | Effective category strategies drive 10%+ savings 💸   Savings are still the most common form of evaluating Procurement’s contribution to business success. The 2024 Global Category Management Report has found that leaders achieve on average 10% savings in categories actively managed, whereas organisations that are just starting merely reach 6.1%. That is a multiplier of 1.6 or a difference of 40%.    For organisations combatting inflation or cost pressure, this significant difference delivered by Category Management can be a true enabler for maintained or increased profitability.    Our "Influence the Future - The 2024 Global Category Management Report" offers detailed insights and recommendations to help you improve the maturity of your Category Management processes and increase your savings delivery.    Download the full report today to unlock actionable tips towards achieving Category Management excellence! 👉 https://lnkd.in/e-bUyzX8    #CategoryManagementReport2024 #InfluenceTheFuture #Procurement #savings