Catalog management in procurement is the process of managing the catalogs of goods and services that are available for purchase by an organization. It involves the organization of the catalogs, the selection of the products and services that will be included in the catalogs, and the negotiation of prices with suppliers. The goal of catalog management is to ensure that the organization is able to obtain the best value for its money when purchasing goods and services. This is done by ensuring that the catalogs are organized in a way that allows for easy comparison of prices and features, and that the prices are competitive. Catalog management also includes the negotiation of contracts with suppliers, ensuring that the organization is able to obtain the best terms and conditions for the purchase of goods and services. By having an effective catalog management system in place, organizations can ensure that they are able to purchase the best products and services at the best prices.
