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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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What About Procurement Objectives?

Procurement Templates

Improve Transparency: Use dashboards and reports to provide real-time procurement updates to all stakeholders. Engage in Active Listening: Conduct regular meetings with stakeholders to understand their evolving needs and integrate feedback into procurement strategies.

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Five Fundamental Principles of Category Management

Barkers Procurement

Category management is a long-term, strategic approach to procurement in which certain employees or teams of employees are responsible for procuring specific types of items, such as IT equipment, office supplies or construction materials. This makes being open to change indispensable in category management. Find out more.

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Build category management coaching capability

Future Purchasing

Build category management coaching capability and unlock your team’s full potential. Well, there is, but for many, it’s been hiding in plain sight, building an internal business category management coaching capability. Often overlooked, however, is the potential for coaching to be used as a management tool from within.

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Will Tech and AI make Category Manager roles irrelevant?

The Procuretech Podcast

This episode of The Procurement Software Podcast delves into the impact of technology and AI on category manager roles in procurement. Tune in to learn more about the evolving role of category managers in the era of technological advancements. Will Tech and AI make Category Management irrelevant?

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Expanding the influence and impact of Procurement

Spend Matters

The procurement leadership team fully supported and embraced the implementation of these new tools and their individual leadership and commitment created a lot of positive momentum and stakeholder engagement. For the third piece of tech, a contract management system, the Legal Department was a strong ally.

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

Future Purchasing

Hence, Procurement need to promote the value and benefits of planning and agreeing which projects are going to be worked on over the next 12-month period with their respective business stakeholders. Context : Understand the landscape and dynamics of the industry sector that the business operates in and its impact on key categories.