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Introducing Category Management

There are many definitions given for category management, but simply it is the process that involves managing product/ services spend categories on behalf of your organisation to gain optimum benefit/ value from the product/ services attained as per contract arrangement with your suppliers.

Regardless of the definition, one certain thing is that strategic procurement has now evolved to Category Management and a lot of the top organisations are now deploying organisational structures that support category management approach as opposed to the traditional Strategic Sourcing structures.  Top organisations work to identify key spend categories across their organisations and proactively manage them to ensure that supplier arrangements put in place deliver the maximum benefit identified during the life of the arrangements.

Procurement has come out of obscurity and into mainstream business. Once known merely as a back office function, it is now a mainstream business management activity for most organisations as it’s now understood that it is more than just a cost-saving measure but a way to gain competitive edge in this day of business globalisation. Procurement competence has taken a more strategic approach because the way we do business has changed. There has been a natural strategic business evolution from purchasing to sourcing to strategic category management in the last 10 – 15 years. As such focus is now solely on understanding categories profile and managing the Category Management process as end-to-end function and along the way deliver optimised the return on supply investment.

As many organisations move into a category management

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Dedicated hosting provides the client with a customized, first-class web server. Dedicated hosting is usually for websites that require more system resources as well as bigger bandwidth. With this need for resources, an entire server dedicated to the needs of the website is more practical.

As its name indicates, the client will have complete control over the website with the dedicated hosting service. The client can choose the software, operating system, settings, and multi-media requirements for its website. Dedicated hosting is also practical for clients that want better control of their servers but do not have the money to purchase their own servers.

Dedicated website hosting is also more practical for businesses that have high-traffic websites, but do not have the personnel, security, and resources to maintain, install, and build their in-house IT staff. It can also save a company money since they no longer have to pay