Define and Discuss on Category Management

Basic purpose of this article is to Define and Discuss on Category Management. Here explain Category Management in managerial finance perspective. Category Management is a highly complex process to execute robustly and uses a specialist skillset both in the hard skills of procurement but in addition a high EQ around behavioral skills. Many organisations believe these are employing category management when actually they may have put in an organisation design this means buyers are broadly in charge of spend and suppliers inside a category.