Category Management in Procurement

To optimize value from procurement, it's essential to integrate the right tools, methods, and strategies. This Category Management in Procurement training course will offer you a proven methodology for Category Management and demonstrate how this approach can drive excellence in Procurement Management operations.

Originally developed in the retail sector to manage inventory based on profitability and customer segmentation, category management has since become a valuable tool across various industries. It helps organize and manage suppliers and products effectively by applying key principles to inventory acquisition.

This training course will feature:

• The understanding of Procurement, Purchasing and Buying operations
• Understanding the different models to categorize suppliers & their products
• How to use selective inventory management to determine the appropriate category listing
• Segregating suppliers and manage categories in Procurement
• Understand total cost of ownership

By the end of this training course, participants will be able to:

• Apply a thorough understanding of category management in procurement
• Identify, analyze and evaluate procurement opportunities
• Understand the keys aspects in category management
• Use tools and techniques to improve organization’s competitiveness
• Apply the knowledge in procurement and supply chain in organizational improvements

This training course is suitable to a wide range of professionals but will greatly benefit:

• Procurement, buyers and purchasing professionals
• Those who need to maximise value from procurement and the supply chain
• Those who need an understanding of the relationships between risk, cost and service in supply chains