This ready-to-use category strategy template offers editable frameworks for internal assessment and detailed industry and market category overviews to assist category managers, procurement professionals, and CPOs in creating an informed category strategy for Supply Chain Management (SCM) services.
SCM encompasses various functions such as planning, manufacturing, delivery, after-sales services, reporting and compliance support, and data management and analytics. Enterprises are developing strategies to leverage advanced technologies, such as predictive tracking, mechanized warehouses, inventory optimization, accurate forecasting, and automated after-sales support, to enhance the efficiency and accuracy of their supply chain.
Category managers can customize this template with internal category information, such as spend, suppliers, and subcategory overview. They can also use the industry and market insights provided in this template to build a strong supply base understanding. A category strategy’s goal is to create an action plan for effective category management, and this template provides the requisite tools, frameworks, and information to create a robust strategy. Best-in-class procurement organizations effectively leverage such tools and techniques to drive continuous improvements in their categories.
In this report, we offer comprehensive templates based on a four-step process to create a category strategy: