Cirtuo recognized as a 2022 ProcureTech100 Company for the second year

 

Denver, Colorado — November 25, 2022 — Cirtuo Guided Strategy Creation™, the procurement software company offering leading industry solutions in category management and supplier management, today announced it has been named a 2022 ProcureTech100 solution for the second year in a row, again joining an elite group of leaders pioneering digital procurement.

Cirtuo Guided Strategy Creation™ helps Fortune 500 companies and SMEs leverage AI-powered software to automate category strategy creation: identifying hidden savings, mitigating supply risks, and quickly guiding category managers through category analysis.

A panel of over 60 procurement leaders, technology experts, and B2B investors helped choose Cirtuo from over 4,000 digital procurement solutions, recognizing Cirtuo Guided Strategy Creation™ as one of the dynamic, future-focused solutions that are supercharging procurement and the enterprise.

“We are honored to be recognized by The ProcureTech100 as a Strategy, Process & Performance pioneer through Cirtuo’s AI-powered category management software, said Drasko Jelavic, CEO, and Founder at Cirtuo. This recognition underscores our commitment to helping global enterprises accelerate and scale their category management through adopting Cirtuo Guided Strategy Creation™ and AI to accelerate category strategy creation,” he said.

The ProcureTech100 is a collaboration between ProcureTech, a dynamic platform for procurement and technology leaders, entrepreneurs, and the digital procurement ecosystem — and Kearney, a leading global management consultancy.

“The ProcureTech100 are the 100 pioneering digital procurement solutions. Pioneers that are inspiring and driving digital transformation. Pioneers that are customer-centric, innovative, high growth, and making a social impact. Pioneers that are supercharging procurement, the enterprise, and the digital procurement ecosystem.” – ProcureTech

About The 2022 ProcureTech100

The ProcureTech100 identifies and champions the 100 pioneering digital procurement technology, data, and analytics solutions that are supercharging procurement and the enterprise.The ProcureTech100 are the pioneers that are inspiring and driving procurement digital transformation. Pioneers that are customer-centric, innovative, high growth, and making a social impact. Pioneers that are agile and scalable, with teams dedicated to creating an impact that matters. Selected from over 4,000 digital solutions from across the planet, using enriched proprietary data and analysis, combined with the collective experience of over 70 procurement leaders, technology experts and B2B investors. Visit https://www.procuretech.co/procuretech100/ to learn more.

About Cirtuo

Cirtuo Guided Strategy Creation™ is an AI-powered software that automates category strategy creation, enabling faster decision-making, leading to greater business impact and value delivery beyond savings. Being a pioneer in digital procurement, Cirtuo’s solutions have been integral for over 5,000 CPOs and category managers in embracing change. Cirtuo’s AI-powered solutions help identify hidden savings, mitigate supply risks, and quickly guide category managers through category analysis to high-quality conclusions. Cirtuo Guided Strategy Creation™ has proven itself as a trusted solution adopted by procurement professionals in 40+ countries worldwide.

For more information about Cirtuo, please visit https://cirtuo.com/
Media Contact – Luke Thompson (luke.thompson@cirtuo.com)

Related articles

Recent posts

Demonstrating tangible business value by implementing actionable category strategies

Too often, category strategies end up in drawers. They don’t get implemented, or struggle with low adoption. Reasons range from low stakeholder involvement or buy-in to limited practical applicability under given market conditions or simply botched implementations. With disjointed project planning, task management, and value-tracking activities, bringing the carefully created strategy to life is not a given. In the end, a strategy not implemented is a wasted strategy.

Winning over stakeholders: achieving strategic alignment in Procurement

In the webinar “Winning over stakeholders: Achieving strategic business alignment in Procurement”, Michael DeWitt, VP Indirect Spend Management & Center of Excellence at Walmart International, Sam de Frates, VP Procurement EMEAA at Mars, and Drasko Jelavic, CEO of Cirtuo, discussed with Fabian Lampe, Founder of Advance Procurement, the importance of engaging stakeholders, aligning Procurement with their objectives, and translating the objectives into actionable category, supplier, and negotiation strategies.

developing holistic category strategies

Understanding the supply market is imperative for developing holistic category strategies

Category strategies help Procurement align business requirements with market realities to leverage market opportunities, mitigate risks, and increase supply chain resilience. The methodical approach for building category strategies aims to help companies assess and plan how to best acquire goods or services for their business under given market realities. We have explored the ‘internal analysis as foundation for holistic category strategies’ in our recent blog, stating that the process of managing a category strategically is perpetual.