Key Activities in Category Management

Description

This Skill Bit shows that category management excels through strategic planning, supplier collaboration, and performance optimization throughout product lifecycles. Key activities include strategic planning for categories, fostering supplier collaboration, performance monitoring and evaluation, cost optimization and negotiation, risk management, and continuous improvement initiatives. These activities ensure alignment with organizational goals, enhance supplier relationships, optimize costs, mitigate risks, and drive innovation, contributing to overall procurement excellence and organizational success.

Duration approx. 8 Min.

Tier: advanced