Understanding Category Management
Category managers assess demand for a product or service across the organization.
The goal of category management is to find innovative ways to reduce cost and increase the competitiveness of the enterprise – not always an easy task.
This supply management course will put you on the fast-track to using spend analysis and proven category management techniques to their full advantage. Leave equipped with new skills to excel in your role. During the two days, there will be ample time to participate in practical exercises utilizing new tools and methods to put to immediate use in your job.
Date: June 8 - 9, 2022
Format: Virtual Class
CEH Credits: 14.0
Product Code: VC-4224-22
Greg DeSimone, C.P.M.
Greg is a senior leader and Certified Purchasing Manager with over 30 years of experience in purchasing, sourcing and supply management. Industry experience includes food, beverage, chemicals, energy, pharmaceuticals, electronics and consumer goods. Expertise in crafting and managing large complex contracts for global corporations, identifying savings and building strong partnerships internally and externally.
What You Will Learn:
- Supplier and customer segmentation
- The five best practices of category management
- The market forces impacting your sourcing approach
- How to determine the spend profile of a category
- Four cost elements that make up a price
- Supplier pricing methods and cost models
- How to deconstruct price
- Supplier financial analyses that provide useful options to stakeholders?
- Techniques for identifying and managing category-specific risk
- How to develop a category strategy
- The five elements of a valid contract
- The significance of SOWs
Virtual Class Schedule:
Day 1 - 9:00 am CDT- 12:30 pm CDT/(3.5 hours), Break for Lunch
Day 1 - 1:30 pm CDT - 5:00 pm CDT/(3.5 hours)
Day 2 - 9:00 am CDT- 12:30 pm CDT/(3.5 hours), Break for Lunch
Day 2 - 1:30 pm CDT - 5:00 pm CDT/(3.5 hours)
Course Overview & Goals:
- Dive into segmentation: Supplier portfolio matrix and customer matrix
- A category management overview and process that will cover: definitions, best practices, and category teams
- Examine supply market analysis, including:?SWOT, market analysis, STEEP, sources of date, Porter’s 5 Forces, and multi-year analysis
- Learn more about spend analysis: addressable spend, Pareto analysis, classification and categorization
- Dig deeper into price and cost analysis: price and cost development, supplier pricing methods and cost models, deconstructing price, variable cost analysis, portfolio matrix?
- Take a closer look at supplier financial analysis: profitability ratios, efficiency ratios, sources of data??
- Examine risk management deeper: planning and strategy and portfolio and risk matrices
- Dive into opportunity analysis, including supplier matrix??
- Learn more about category strategy development and category plan?
- Examine contracts and SOWs, including: elements of a contract, types of contracts, significance and element of SOWs
- Leave with an action plan to implement what you’ve learned into your organization for success
Who Should Attend:
This category management training is ideal for buyers, sourcing specialists, category managers and similar functions, as well those who manage these responsibilities.