The Faculty Category Management | Assess Your Category: Critically Review Current State

How well do you really know your category?  

Category management is a strategic approach of managing externally sourced goods and services within discrete groups to drive significant benefits aligned to organisational objectives. Not many leaders and executives have a handle on category management theory yet understanding it can be foundational to business success.   

This series of six masterclasses, will enable you to lead your stakeholders through a fresh approach to strategic planning for your category, and elevate how they perceive Procurement as a professional enabler of their business objectives. The framework will touch on theory and techniques, as well as provide you with a toolkit that will give you the confidence to Activate, Assess, Analyse, Align, Approve and Adapt a successful strategy.  

Research with purpose! 

To develop a category strategy that will deliver the required objectives, defining the current situation in the ASSESS phase is essential. The ASSESS masterclass will help you discover 

• How to research internally and externally to understand in detail the category and market 
• The techniques of research, process mapping and financial analysis 
• Tangible tools that assist you in critically assessing your category 

Learning outcomes:  

• The theory and techniques applicable for this stage 
• How to clearly identify business requirements 
• How to research and document market intelligence 
• How to develop spend and cost profiles to determine value and risk across the supply chain 
• How to use the tools and templates to professionalise your approach and gain credibility 

Who is this for?  

• Leaders in procurement  
• Portfolio, purchasing, category or contract managers  
• Supplier relationship managers  
• Sourcing specialists  

For more information on this event and The Faculty Roundtable Program, please contact [email protected]