Category Management

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How to Implement Product Category Management Strategies and Action Plan in Procurement and Supply Chain Management

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The objectives and strategies that are developed through product category management are implemented in the procurement categories process (ISM Glossary 6th edition). Product category managers develop category “playbooks” that articulate the strategies and action plans for each category (ISM Mastery Model®). Supporting Subheading This Can Be Your Secondary Heading Lorem ipsum dolor sit amet, consec tetur …

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How 5 Types of Product Categories Helps In Creating a Product Category Management Plan to Meet the Organization’s Key Objectives

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Spend and forecast analysis, supply market analysis, and segmentation are key steps in product category management. 1.     Segmentation of product category strategies Portfolio analysis is commonly used to assign product categories to one of four quadrants (routine, leveraged, bottleneck, strategic) in the Kraljic matrix based on the level of supply risk and value or impact …

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4 Step Category management process to meet the organization’s key objectives in Procurement and Supply Chain Management

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Many buying organizations are adopting category management as a way to improve value though sourcing and supplier relationship management. What is Category Management Procurement Category management is “the process of overseeing and maximizing the financial and operational value of a group of related commodities, products or services” (ISM Glossary 6th edition). The group of related commodities, …

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