Category Management in Purchasing is a strategic approach to the procurement of goods and services. It is an organizational model that allows for the coordination of purchasing activities across multiple departments and organizations. It is based on the concept of grouping similar items into categories, and then managing the purchasing process for those categories. The aim of Category Management is to ensure that the best value is achieved for the organization, while also ensuring that the quality of the goods and services purchased are of the highest standard. It also allows for a more efficient use of resources, as well as a more effective way of managing supplier relationships. Category Management is an important part of the overall purchasing process, and is essential for any organization that wants to maximize its purchasing power.
