by GCM - Lisa | Mar 8, 2022 | Beroe
This argument about not having to depend on a single source, well, there are industries where companies have to rely on a single source supplier; for example, certain specialty chemicals come only from China. At the height of the trade war, someone challenged us to...
by GCM - Lisa | Mar 1, 2022 | Beroe
COVID stopped many category management strategy development activities as companies struggled with the basic assurance of supply. What was exposed by COVID was the number of companies relying on sole or single sources of supply and the assumption that this supply...
by GCM - Lisa | Feb 22, 2022 | Beroe
There is no single version of truth, and each person gives his or her own perspective. First, what is a Category? A Category is a grouping of similar products or services available from a supply base. Category Management is the process of creating a strategy to buy...
by GCM - Lisa | Feb 12, 2022 | Beroe
The concept of “category management,” which originated in the retail industry, has now found a firm footing in the world of Procurement. There are several variations in the definition of category management, and oftentimes one gets buried in terminologies. With the...
