The What: What is Category Management? Category Management is a strategic procurement approach that groups similar products or services into categories and manages them as individual business units. Rather than purchasing items on a transaction-by-transaction basis, procurement teams analyse spend, suppliers, market conditions, risks, and business requirements across an entire category to develop long-term sourcing strategies. Examples of procurement categories include: Raw… Continue reading Episode 3: How to Implement Category Management in Procurement: A Step-by-Step Guide
