What is category management?

The term category management could have two distinct meanings - Category management, in terms of structuring procurement resources usually involves defining the need, identifying vendors, negotiating contracts and managing vendors or service providers after the contract is awarded. Category management is a part of the end-to-end procurement process but restricted to a specific range of goods or services. Right from pre-award processes such as category analysis and demand management, sourcing and contract negotiation, to post-award such as performance Management. Explore more about GEP’s category management software and category management services.