Category Management has been through a dramatic evolution in recent years. Global economic challenges, political and societal shifts and the rise of new digital platforms have fundamentally changed the way that companies approach the market for products and services. Customers are now demanding improved traceability, sustainability, competitive pricing and quality which has an immediate impact on the way that procurement approaches third party suppliers. Many companies are now developing new methods to ensure that they suppliers are able to consistently meet these new requirements despite the rapid pace of change in the market.
We have also seen a shift in the focus of strategic sourcing from a price focus to a more comprehensive view of value for the organisation. This could range from delivery of efficient transactional sourcing events that unlock value immediately, to more complex incubation or joint venture models to assure personalised, best in class product development.
At Baringa, we have team of consultants with cross-industry experience that can support our clients through the Category Management and Sourcing process to implement new ways of working and drive greater value through external spend. Specifically, we have deep expertise in the following key areas: