Category Management in Procurement

Training course overview

To maximize value from procurement, we need to combine techniques, with the appropriate tools, techniques and approaches. This online 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.

What are the goals?

By the end of this Coventry Academy online training course, you 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

Who is this training course for?

This Coventry Academy online training course is suitable to a wide range of professionals but will greatly benefit:

• Procurement, Buyers and Purchasing Professionals
• Those Who Need to Maximise Value from Procurement and the Supply Chain
• Those Who Need an Understanding of the Relationships Between Risk, Cost and Service in Supply Chains

Course Outline

Amongst a wide range of valuable topics, the following will be prioritised:

• Definition and Understanding Procurement and Purchasing
• Definition of Category Management and the Evolution of Category Management
• The Procurement Excellence Roadmap (PER)
• The Importance of Category Management in Procurement
• Value and Risk Analysis
• Understanding Collaborative Supplier Management
• Common Barriers and Challenges
• Overcoming Such Barriers
• Supply Chain Futures, Predictions and What Needs to be Done
• Supply Chain Excellence and Shareholder Value

The certificate

• A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course