In short, category management is the bundling of procurement. You divide the products to be purchased over categories that are assigned to a category manager. A category means all logically related goods and/or services. By bundling knowledge and expertise according to category, you can ensure a more consistent purchasing policy and maximise profit.
Category management has to do with strategic procurement of product packages and the associated collaboration. In practice, the focus is mainly on the product range in the relevant category and the corresponding offers. Category management is known by many names, such as commodity strategy development, category management, category strategy plan, category approach, and so on. This diversity of names demonstrates that category management is thriving!
Did you know that we can provide all of our training programmes in-company? You and your team can undertake category management training at your own location. This means you’ll not only be benefiting from the training, you’ll also be working on team building and saving on travel costs and time. Read more about our in-company training programmes.
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