Category Management

Category Management is a strategic approach to procurement that groups products or services into categories to improve sourcing decisions and cost efficiency.

This method allows businesses to manage similar items collectively rather than individually.

By treating related products as a single category, companies can negotiate better contracts, optimize supplier relationships, and reduce costs. It involves continuous analysis and collaboration with suppliers to align sourcing strategies with business goals.

For example, a company may create a category for all office supplies, streamlining procurement for pens, paper, and printers under one strategy.

Relatico enables companies to categorize suppliers and products, making it easier to manage relationships and procurement strategies based on specific categories.

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