The Key Principles of Category Management

Dave HenshallCategory ManagementLeave a Comment

Implement the Key Principles of Category Management

If you are interested in making category management a priority, implementing the key principles of category management will help place category management at the heart of your company’s overall business strategy.

Over on the Purchasing Practice Academy we have launched the Category Management Master Class which was 12 months in the making. Here is a bite-size look at the key principles of category management:

Key Principles of Category Management

Category management is founded on five key principles:

  1. Cross- functional team approach
  2. Strong supply market knowledge
  3. Make change happen
  4. Stakeholder engagement
  5. Facts and data based

These principles rest upon the foundation of governance, because for the implementation of category management to be successful it is important that corporate governance is strong. There are two levels governance required:

  1. program level, where a steering group manages the category programs .
  2. corporate governance, refers to the system by which companies are directed and controlled

If you are interested in making category management a priority, we can help.

Implement the key principles of category management:

CPP can help you in “Implement the key principles of category management” through:

Change Management:

Supporting your initiatives through performance bench-marking, business case development, strategy creation, organizational design and program coordination.

Process Rigor:

Embedding defined processes and world-class materials in category management, strategic  sourcing, and supplier relationship management.

Capability Development:

Building high-performance teams through skills assessment, e-learning, virtual classrooms and face to face training for all who interface with suppliers.

Implementation:

Supporting your program management, team facilitation, performance measurement, benefits tracking and securing financial results.

The CPP Category Management program is about achieving breakthrough business results through making category management a success.

Nuff said …

If you you would like to learn more about how we can support you in implementing the key principles of category management contact us for a conversation.