Category Management: Streamlined Procurement Function

Published On:
August 4, 2015
Authored By:
Register To Access Content:

Supplier category management programs involve the strategic development, assessment, and monitoring of procurement and supplier performance in specific supplier categories. Data from APQC's Open Standards Benchmarking in procurement indicates that organizations with category management programs approve more purchase orders electronically. These organizations also need fewer full-time equivalent employees for the procurement cycle as a whole.