Category Maturity
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Category Maturity in Procurement by Procurement Leaders - 5 min read
📝 Summary
The article explores the idea of category maturity in procurement, explaining how different procurement categories evolve from a “big bang” phase (rapid change or establishment) to a steady state of optimized performance. It highlights the need for procurement professionals to recognize the maturity level of their categories to apply the appropriate strategies, ensuring maximum efficiency and results in sourcing efforts.
📌 Key Takeaways
Big Bang to Steady State: Procurement categories evolve through these stages.
Strategic Alignment: Understanding category maturity helps apply the right procurement strategies.
Efficiency Gains: Tailoring approaches based on maturity can improve sourcing outcomes and procurement efficiency.