The Category Manager is responsible for defining and executing the sourcing- & vendor management strategy of a category of goods or services. Leveraging (global) buying power, increasing economies of scale and minimizing risk for the organization are key drivers for introducing Category Management.
Understanding markets, balancing price & risk and driving operational excellence during execution, requires highly skilled professionals but the potential benefits to the organization are significant. Category managers in best practice procurement environments are true collaborators that excel in the art of stakeholder management. Effective category management is key for procurement performance and is implemented by most mature procurement organizations.