Category Management

Introduction

To maximize value from procurement, we need to combine techniques, with the appropriate tools, techniques and approaches. This Category Management training course will provide you an effective methodology of category management and how this approach can be used in effectively ensuring best in class operations for procurement management.

Category management was first used in the retail industry to manage inventory based on profitability and customer segmentation. Now in the other industries, category management is valued as a tool to organize and effectively manage suppliers and the products through application of different principles in the acquisition of inventory.

This GLOMACS Category Management 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

Objectives

By the end of this Category Management 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

Training Methodology

This is a highly interactive and action-packed Category Management training course, where the participants will be armed with comprehensive tool sets that they can apply to different scenarios in their jobs. 

Participants will increase their competencies through a variety of instructional methods, individual and team exercises, group discussions and specific team assignments covering the main topics presented in the training course.