I assume you read the title and were intrigued enough to read on . . . . . . As you know we have had a quite a bit of interest (that’s an understatement 😊!) in this series on “Do You Know the Difference between Strategic Sourcing &…
For the last three weeks, we’ve been having a conversation around the difference between Strategic Sourcing and Category Management? This is a topic that got LOTS of attention and quite a bit of engagement from the readers of this blog 🙂 ! Stay tuned as we walk through…
This week, Target made an absolutely brilliant move by selling off their in-store pharmacies to CVS for almost $2 Billion. According to Target’s CEO, this move allows Target to focus on what they call signature categories and really get back to their core DNA: a focus on style;…
One of the key differentiators between Strategic Sourcing and Tactical Purchasing is the decision to invest up-front in spend analytics and opportunity profiling. This crucial planning step provides a holistic snapshot of where money was spent and the results associated with that expenditure. Done properly Spend Analysis (SA) focuses the organization and prioritizes scarce resources towards opportunities that best meet the future needs of the business.
What other trends can we look forward to in 2012? Dalip continues his trends list here.
