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Category Management - Meaning and Importance

Espresso-live Speakers
by Beroe Inc,
12 October 2022

What Is Category Management?

Category management is a strategic approach that organizations use to optimize their procurement process. It involves grouping similar products or services under a single category. 

The main objective of category management is to develop a category strategy and continuously monitor and review it to optimize procurement processes.

Incorporating category management in an organization helps businesses to save costs, maximize the impact of spend analysis, supplier relationship development, and increase sales.


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