Follow These Three Practices for Better Category Management

Published On:
October 18, 2021
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A mature category management program enables organizations to better manage supplier relationships, ensure alignment with organizational needs, and execute more efficient procurement. There are at least three practices that organizations should carry out to ensure that they achieve these benefits:

  1. leverage a consistent process for documenting category plans, 
  2. make plans easily accessible to all stakeholders across all categories, and 
  3. frequently review category management plans, especially as market conditions or business strategies change.