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 Banking and Financial Services (BFS) Information Technology Services (ITS).
BFS IT services include consulting, implementation, and maintenance services that cover IT infrastructure, IT platform, IT applications, and data and analytics. Companies commonly outsource offerings such as application development and maintenance, system integration, quality assurance, data center and cloud services, network and security services, and workplace services within BFS ITS. These services encompass a range of next-generation technology capabilities such as AI, RPA, IoT, and machine-to-machine, along with cyber security services.
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 category strategy report, we offer comprehensive templates based on a four-step process to create a category strategy: