The company embarked on its digital Category Management journey utilizing CIRTUO, a digital, cloud-based Category Management solution.
CIRTUO helped the organization standardize, speed up, positively challenge & improve category strategy creation, making it a more collaborative effort per its Category Strategy Framework.
Before that, there was a category strategy/management process, but it was manual and time-intensive. Category Managers had to spend much time gathering the data, formatting it, and then putting them on slides.
Thanks to the standardized methodology, guided strategy creation (GSC), and defined strategic tools applied within CIRTUO, the Procurement team has dramatically improved consistency and transparency, allowing high-quality output.
Category Managers have made good progress in managing spend, generating value for the business & patients, and creating a competitive advantage by delivering value beyond savings, including risk management, digital & technology strategy, innovation & sustainability, which are just a few hallmarks of every strategy created.
By deploying a digital Category Management solution, the Procurement team can align better, orchestrate & collaborate with the business and other functions.
The collectively accumulated know-how and facts are all captured on a single digital platform and accessible to all users and stakeholders within the company. All key stakeholders are actively engaged and will see their strategic needs and business requirements adequately reflected in the developed category strategies.
The analysis is no longer limited only to internal knowledge available within the organization. Integrated access to external market intelligence quickly provides valuable insights and connects the dots between strategic business goals/needs and supplier market/most capable suppliers.