Question: There are several steps in category strategy development. 1. Build the team a project charter 2. Conduct market research on suppliers 3. Strategy development 4.

There are several steps in category strategy development.

1. Build the team a project charter

2. Conduct market research on suppliers

3. Strategy development

4. Contract Negotiation

5. Supplier relationship management

Pick one of these, state what it is and means, then explain why you think that it is important.

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