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
Day One: Understanding Procurement and Category Management
Definition and understanding Procurement and purchasing
Definition of Category Management
The evolution of Category Management
Models used in Category Grouping
The aspects to be considered in category groups
Managing Selective Inventory Control
Day Two: Maximising Value and Procurement Excellence using Varied Routes
The Procurement Excellence Roadmap (PER)
The importance of Category Management in Procurement
Value improvement using category management
Value Adding from Categorization
Class Exercise on Category Management in Procurement
Day Three: Understanding the Supplier Sourcing and Selection Routes
Traditional purchasing revisited
Value and risk analysis
The model in identifying inventory classification
Best price evaluation
Understanding collaborative supplier management
Supplier Portfolio Analysis (SPfA)
Day Four: Recognising and Overcoming the Barriers to Category Management
Common barriers and challenges
Overcoming such barriers
Best Practice in the implementation of new ideas
Managing price sensitive products
Economic Order Quantity
Criticality Analysis
Class work on Selective Inventory Control (SIC)
Day Five: Category Management and Rethinking the Supply Chain
Supply chain futures, predictions and what needs to be done
The improvements for re-engineering end to end supply chains
Supply chain excellence and shareholder value
The steps to supply chain excellence
Developing the supply chain strategy
Supply chain strategy best practice
The certificate
A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course