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Category Management

oboloo Glossary

Category Management

Category Management

Category management is a strategic approach to procurement that focuses on maximizing the value of an organization’s spend on goods and services. Category managers work with stakeholders across the organization to identify spending patterns, assess supplier performance, and negotiate better terms and prices.

The goals of category management are to improve organizational efficiency, drive down costs, and improve quality and service levels. When properly executed, category management can result in significant cost savings for an organization.

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