How building a best of breed solution addresses the war for talent in Procurement

Building a best-of-breed company is not an easy feat. From the initial idea to execution, founders have to withstand many ups and downs and reinvent themselves along the way. While Cirtuo was founded with the idea to promote and drive value through Category Management, it wasn’t necessarily planned as a best-of-breed SaaS company.

In a recent interview with Simon Edbury, a recruitment specialist for the Procurement and Supply Chain space, Cirtuo CEO Drasko Jelavic discussed his personal career journey, the current state of procurement tech, the relationship between technology and talent, and how his passion for Procurement, Category Management, and software has become one.

“I left Kearney after years of promoting Category Management as a consultant because I believe that Category Management goes beyond the 7-step sourcing methodology. I wanted to help procurement teams see the full potential of Category Management and to get the most out of it.” 

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Today, the war for talent is a real challenge for everybody in Procurement, whether you are a Fortune 500, SME, or software vendor. Acquiring talent, providing training, and retaining the people (or the knowledge or investment for that matter) are real challenges with real costs associated with them.

Frequent job changes require constantly onboarding and training employees on your company, your processes, your methodologies, and your category. With every move, you lose a lot of history, experience, and knowledge - especially if it is not appropriately captured.

Category Management is about collaboration, knowledge gathering, and deriving insights. Technology can help drive consistency, predictability, and transparency by

• standardizing methodologies and ways of working,
• capturing and disseminating knowledge,  
• reducing the need for training,
• Increasing the transparency around insights and decisions, and
• retaining knowledge.
  

Cirtuo provides a framework and guided process for managing categories across spend analysis, business requirement collection, market insights, strategy development, and strategy implementation & execution. A single collaborative platform that provides on-the-job training, makes knowledge available & accessible across the organization and protects your intellectual property and investment in people.

Reach out to learn more about how industry leaders protect their investments and retain their knowledge with Cirtuo.