Many procurement executives are shifting towards a risk-focused approach to prepare their organizations for an uncertain future and open up new channels of supply.

Formerly viewed as just a sourcing process or an administrative function, category management is becoming a strategic way for companies to identify risks and find new opportunities.

Optimization of category management requires long-term effort. Yet, the benefits of digitalization together with the right skills and governance structure can help Procurement transform category management so it not only drives quick wins but becomes a key value driver to the business over time.