Catalog

A catalog is a tool used by procurement departments to source and manage the ordering of goods and services. A well-managed catalog can help streamline the procure-to-pay process, improve supplier relationships, and reduce costs.

The term ‘catalog’ can refer to both an online catalog hosted by a supplier, or a printed catalog that is distributed to buyers. Online catalogs are typically searchable, and allow buyers to easily compare prices and features of different products. Printed catalogs can be useful for buyers who prefer to browse through products before making purchase decisions.

Procurement departments typically work with suppliers to develop and manage their company’s centralized catalog. This can include creating SKUs and setting pricing agreements. It is important for procurement departments to have a clear understanding of their organization’s needs in order to develop an effective sourcing strategy.