Is Category Management More than Just Strategic Sourcing?

Posted 07/02/2014

 “Cross functional teams carrying out formal opportunity analysis and prioritisation is an essential element of Category Management.” 

Our 2012-13 Category Management Survey demonstrated that many organisations still see Category Management as simply another term for Strategic Sourcing. However, our research concludes that Category Management is more than that. 

·         It is a strategic end-to-end process for buying goods and services

·         It aligns business goals and customer requirements with supply market capability

·         It maximises long-term value for the organisation

Planning - the missing component from most organisations’ Category Management approach

As part of our survey, we asked over 300 global organisations: “What activities does your Category Management process cover?”

To read more, including seven key lessons from Procurement leaders, you can download our Insight Guide from the Knowledge Hub here

Tagged by topic: Category Management , SRM

  by Mark Webb

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