Category management

Procurementplus09 Jun, 2021Business

Category Management is a strategic approach which organizes procurement resources to focus on specific areas of spend. The results can be significantly greater than traditional transactional based purchasing methods. Signing a contract and identifying your suppliers is just the starting point of the procurement process.we need to ensure effective category management throughout the lifecycle of each contract to ensure ongoing delivery of agreed costs and value. The first year of a new contract is especially crucial; If there is no implementation process in place,many ofthe expected gains can be lost.