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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. In this guide, we’ll explore the key principles of category management and how it can benefit your organization.

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Competitive Procurement through Category Management

Sourcing and Supply Chain

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. It results in specialization in category for a buyer and ends up in a better deal with saving time, resources, and money. Spend Analysis Data.

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ProcureVue: Vendor Analysis — Spend Analytics solution overview, roadmap, competitors, user considerations, analyst summary

Spend Matters

This Vendor Analysis explores the concept behind ProcureVue: the platform, application and supporting services of the vendor; it also provides a verified customer reference analysis, a competitive market analysis and key analyst takeaways. This content is for members only. Visit the site and log in/register to read.

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Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

First I’d like to establish some clarity around the title for this blog post in which we use the phrase “Commodity Management” Commodity Management is meant to encompass all of the strategic activities and responsibilities that go in to the process of buying raw materials. All Rights Reserved.

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Deploy a Strategic Category Management Solution to Maximize ROI

Jaggaer

Defining Category Management. Category management has a decades-long history that has lead us to our modern understanding of procurement categories. Created in the 1980s, category management was originally the process of grouping products into categories based on how consumers used them.

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Category management will fail if procurement and business stakeholders do not collaborate to agree a pipeline of projects

Future Purchasing

In our recently published FP Category Management Leadership Report 2021-22, 51% of respondents agreed an annual plan of category management projects with their relevant business stakeholders, compared to 39% in 2019-20. The importance of strategic alignment. There are a number of critical elements to consider.

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VORTAL: Vendor Analysis — e-Sourcing and e-Procurement solution overview, roadmap, customer feedback, competitors, user considerations, analyst summary

Spend Matters

It provides customers with a platform that connects buyers with qualified suppliers and offers a range of capabilities (in-app and as services) such as category management, demand management, e-sourcing, auctions, supplier management and contract management.