Category Strategy Procurement is a strategic approach to procurement that focuses on optimizing the overall value of a category of goods or services. It is an approach that looks at the total cost of ownership of a category of goods or services, rather than just the initial purchase price. This approach allows for a more holistic view of the value that a particular category of goods or services can bring to an organization. It also allows for better decision-making when it comes to the selection of suppliers and the negotiation of contracts. Category Strategy Procurement looks at the entire lifecycle of a product or service, including the cost of acquisition, the cost of maintenance, the cost of disposal, and the cost of any potential risks associated with the product or service. This approach also allows for a more efficient use of resources, as well as a better understanding of the market and the competitive landscape. Ultimately, Category Strategy Procurement helps organizations maximize the value of their procurement activities, while minimizing costs and risks.
