Category Management Best Practices
Webinar Details $219
- Webinar Length: 100 Minutes
- Guest Speaker: Kevin Giblin
- Topic: Purchasing
- Credit: ISM 1.5, ATAPU 1.5, CPE 2.0
The Procurement team in most organizations is a multi-faceted group with several sub-functions. This includes Category Management - one of the most crucial components to maximize value internally and from the supply base.
This webinar will explore best practices in developing and institutionalizing a solid category management process that delivers sustainable value, consolidation of activities, and efficient procurement practices.
Your Benefits of Attending:
- Understand the definition of category management and its' lifecycle.
- Learn about the benefits of Category Management.
- Gain insight into the "8-steps" of category management that optimize resources and minimize effort.
- Learn about the 7 key areas to measure category management success.
You will leave this webinar knowing how to more efficiently and effectively manage spend categories based on critical importance, and alignment with corporate objectives.
- Kevin Giblin - Biography 00:02:01
- Today’s Agenda 00:03:20
- Today’s Learning Objectives 00:06:49
- Category Management Best Practices - Definition, Components, Considerations 00:08:56
- Category Management: What Is It Exactly - Category Management Definition 00:09:12
- Category Management: What Is It Exactly - Sourcing 00:12:44
- The Three W’s Of Category Management 00:14:40
- The Essential Steps Of Category Management 00:18:23
- Category Management Best Practices - Establishing The Program And Measuring Success 00:23:40
- Foundation For Establishing The Program 00:24:26
- The “Checklist” Approach 00:27:28
- The “8-Step” Lifecycle 00:39:15
- Measures Of Success (KPI) 00:44:46
- Category Management Best Practices - Practical Examples, Key Learnings 00:51:52
- Category Strategy Development 00:52:46
- Category Spend Analysis - Total Spend 00:56:23
- Category Spend Analysis - Core Product Compliance 00:58:10
- Category Report - Industry Overview 00:59:34
- Category Report - Competitive Landscape 01:00:59
- Market Share Analysis 01:03:05
- Regionally Focused Market Analysis - Cyber Security 01:04:30
- Regionally Focused Market Analysis - Cyber Growth 01:06:00
- Market Drivers - 01:06:37
- Cost Components And Pricing Factors 01:08:01
- Demand Management - Cyber Security Investment 01:10:22
- Demand Management - Cyber Security Products & Services 01:11:31
- Opportunity Assessment Analysis 01:13:24
- Category Management Best Practices - Benefits And Takeaways 01:17:51
- Holistic Benefits Of Category Focused Management 01:23:26
- Total Value Delivery 01:25:04
- Measuring Success 01:27:57
- Key Takeaways 01:32:49
- Presentation Closing 01:40:29
- Analyze 00:21:11
- Commodity 00:19:54
- Category Management 00:03:30, 00:04:02
- Cost 01:08:07
- KPI 00:18:07
- Market Drivers 01:06:00
- Market Share 01:04:02
- Sourcing 00:13:02
- Supplier 01:08:36
- Vendor 01:00:29
Analyze: The ANALYZE tab has several commands that will enable you to explore the data in the PivotTable.
Category Management: A strategic approach to procurement where organizations segment their spend into areas which contain similar or related products enabling focus opportunities for consolidation and efficiency.
Commodity: A basic good used in commerce that is interchangeable with other goods of the same type.
Cost: The sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location
Key Performance Indicator (KPI) : A Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets.
Market Drivers: The underlying forces that compel consumers to purchase products and pay for services.
Market Share: The portion of a market controlled by a particular company or product.
Sourcing: A process to obtain the best overall strategic value, as a subset of the overall Category Management Framework.
Supplier: A supplier is an entity that supplies goods and services to another organization. A supplier is usually a manufacturer or a distributor. A distributor buys goods from multiple manufacturers and sells them to its customers. Similar Terms. A supplier is also known as a vendor.
Vendor: A vendor is a person or business that supplies goods or services to a company. Another term for the vendor is the supplier. In many situations, a company presents the vendor with a purchase order stating the goods or services needed, the price, delivery date, and other terms.