Question
According to Future Purchasing Consultancy Limited, Category management requires a much more collaborative approach to managing an organisation's spend with a greater focus on understanding
According to Future Purchasing Consultancy Limited, "Category management requires a much more collaborative approach to managing an organisation's spend with a greater focus on understanding the real business needs. It involves working in a cross-functional way with technical stakeholders, securing buy-in and using tools and processes to systematically identify opportunities to increase value of spend." You wish to implement category management in your organisation or any organisation that you are familiar with. You can pick a private sector or a public sector organisation for your discussion and analysis
(a) Briefly describe the organisation that you have chosen. Analyse the impact of category management and strategic sourcing in meeting the business needs of the organisation. (20 marks)
- Hints given: how strategic sourcing will help to achieve the business needs and goals
(b) Develop a process that might be used for the implementation of a category management approach to procurement. Use examples from your organisation. (20 marks)
- Hints given: using 5i model - initiation, insight,innovation, implementation and improvement
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