Category strategy resources published by Cirtuo provide insights that can help you deliver organization-wide value beyond delivering cost reductions. Authentic category strategy not only drives innovation but also provides flexibility across organizations. Organizations of all sizes have dozens of categories of direct and indirect goods and services across business units but often lack insights about the effectiveness of the category strategy for each one of them and how they benefit the organization as a whole. When category strategy is done right, it brings procurement to the core of the business and makes it highly valuable within the wider organization. Read our category strategy resources for more.

Do you remember the last time you took the wrong ramp onto the highway and how it made you feel? Most people instantly know that they took a wrong turn and hope that the next exit is not too far off. Unfortunately, our brain doesn’t experience the same stress when taking the wrong turn in developing category strategies. Category strategies in Procurement are a methodical approach for defining the best way to buy goods or services for their business. Done right, they help companies align business requirements with market realities to leverage market opportunities and mitigate risks. Done wrong, they might lead us down the wrong road.