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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Restriction enzymes, described in Chapter 20, are enzymes that recognize a particular DNA sequence and cleave the DNA (along the DNA backbone) at that site. The restriction enzyme known as Notl...

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Define Cultural genocide in relation to Indigenous peoples history and what they have endured. Afterwards, use the following article to answer the following two questions: What are the three main...

In the Intro to Purchasing and Supply Chain reading, Page 6, Figure 1-2, there is a comparison of Traditional Purchasing versus the Current Outlook. Provide three reasons why the Current Outlook is...

Question 1 According to Future Purchasing Consultancy Limited, Category management requires a much more collaborative approach to managing an organisations spend with a greater focus on understanding...

9:511 .. Home Content The dilemma of this year's annual employee performance review and how to manage it. Nigel Penny For many organizations, this is the time of year when they start the somewhat...

7.0: Organizational Strategy Overview (one paragraph describing the following charts) 7.1:CurrentOrganizationalStructure(chart)...

The current issue and full text archive of this journal is available at www.emeraldinsight.com/0048-3486.htm PR 38,3 Making the decision to outsource human resources 236 Business School, Oxford...

Summarize the following chapter in your words: (Basic elements of organizing) The Organizing Process organization.2 As you will see in this chapter, managing the basic frameworks that organizations...

Summarize the following chapter: (Basic elements of organizing) The Organizing Process organization.2 As you will see in this chapter, managing the basic frameworks that organizations use to get...

Show how the availability of health insurance is likely to affect this market. clearly explain how the supply and demand curves will shift or both curves will shift. Discuss the impact on market...

Explain hypothesis testing to a friend, using the following scenario as a model. Describe the hypotheses, the sample statistic, the P-value, the meanings of type I and type II errors, and the level...

Line Item Description \ table [ [ , , , ] , [ , , , ] , [ , , , ] , [ , , , ] , [ , , , ] , [ Ted laeger, Capital , , 4 2 . 3 0 0 ,

59. (Figure 3.22) Suppose the government sets a price floor of $35. a. What are the values of consumer surplus before and after the price change? b. What are the values of the producer surplus before...

25.18 The following is an initial value, second-order differential equation: d'x dx + (5x) + + (x +7) sin(wt) = 0 dr? dt where dx (0) = 1.5 and x(0) = 6 dt Note that w = 1. Decompose the equation...

1. McDonalds is a strong global brand, does their variety of food throughout the world help to strengthen or weaken their positioning and brand image? 2 . From a cost and logistics perspective, would...

What are the forms of the micronutrients in soil solutions? How does their availability change with pH?

Review the Madrid and Berne scenario that you used as the basis for your Topic 6 discussion of the laws and federal regulations governing employment. Consider the ethical issues and dilemmas the...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

53. Graduation. As in Exercise 11, we hope to estimate the percentage of adults aged 25 to 30 who never graduated from high school. What sample size would allow us to increase our confidence level to...

54. Better hiring info. Editors of the business report in Exercise 12 are willing to accept a margin of error of 4% but want 99% confidence. How many randomly selected employers will they need to...

50. Trade agreement. Results from a January 2008 telephone survey conducted by Gallup showed that 57% of urban Colombian adults support a free trade agreement (FTA) with the United States. Gallup...