Category Management Best Practices

The Procurement team in most organizations is a multi-faceted group with several sub-functions. This includes Category Management - one of the most crucial components to maximize value internally and from the supply base.

This webinar will explore best practices in developing and institutionalizing a solid category management process that delivers sustainable value, consolidation of activities, and efficient procurement practices.

Your Benefits of Attending:

• Understand the definition of category management and its' lifecycle.
• Learn about the benefits of Category Management.
• Gain insight into the "8-steps" of category management that optimize resources and minimize effort.
• Learn about the 7 key areas to measure category management success.
  
  

You will leave this webinar knowing how to more efficiently and effectively manage spend categories based on critical importance, and alignment with corporate objectives. 

• Category Management Best Practices - Definition, Components, Considerations
• Category Management: What Is It Exactly - Category Management Definition
• Category Management: What Is It Exactly - Sourcing
• The Three W’s Of Category Management
• The Essential Steps Of Category Management
• Category Management Best Practices - Establishing The Program And Measuring Success
• Foundation For Establishing The Program
• The “Checklist” Approach
• The “8-Step” Lifecycle
• Measures Of Success (KPI)
• Category Management Best Practices - Practical Examples, Key Learnings
• Category Strategy Development
• Category Spend Analysis - Total Spend
• Category Spend Analysis - Core Product Compliance
• Category Report - Industry Overview
• Category Report - Competitive Landscape
• Market Share Analysis
• Regionally Focused Market Analysis - Cyber Security
• Regionally Focused Market Analysis - Cyber Growth
• Market Drivers
• Cost Components And Pricing Factors
• Demand Management - Cyber Security Investment
• Demand Management - Cyber Security Products & Services
• Opportunity Assessment Analysis
• Category Management Best Practices - Benefits And Takeaways
• Holistic Benefits Of Category-Focused Management
• Total Value Delivery
• Measuring Success
• Key Takeaways
• Q&A

Category management is a strategic approach to procurement and supply chain management that involves organizing products and services into distinct categories to optimize performance and achieve organizational objectives. category management plays a pivotal role in aligning business strategies, optimizing costs, building strong supplier relationships, and fostering a culture of continuous improvement and innovation. As organizations strive for competitiveness and efficiency, effective category management becomes an indispensable component of their overall strategy.