The Faculty Category Management | Approve & Adapt the Strategy: Execute and Continually Improve

How is your team implementing and continually adjusting their category strategy? 

Category management is a strategic approach of managing externally sourced goods and services within discrete groups to drive significant benefits aligned to organisational objectives. Not many leaders and executives have a handle on category management theory yet understanding it can be foundational to business success.   

This series of six masterclasses, will enable you to lead your stakeholders through a fresh approach to strategic planning for your category, and elevate how they perceive Procurement as a professional enabler of their business objectives. The framework will touch on theory and techniques, as well as provide you with a toolkit that will give you the confidence to Activate, Assess, Analyse, Align, Approve and Adapt a successful strategy.  

Approve, Implement, Adapt, Repeat! 

To develop a category strategy that will deliver the required objectives, gaining authority in the ALIGN phase and continually improving in the ADAPT phase is critical. The ALIGN and ADAPT masterclass will help you discover: 

• How to present a concise, comprehensive and compelling recommendation that approvers provide their authority to execute 
• How to extract value from the process undertaken, while always reviewing the horizon for changes 
• The techniques of written communications, project management, stakeholder engagement, presentation skills and continual development 
• Tangible tools that assist you in gaining approval, implementing initiatives and establishing governance for your category strategy 

Learning outcomes  

• The theory and techniques applicable for this stage 
• How to set out initiatives, articulate risks and benefits and draft implementation plans 
• How to professionally document and deliver your strategy 
• How to implement governance that will support your project initiatives and develop a culture of continual improvement 
• How to use the tools and templates to professionalise your approach and gain credibility 

Who is this for?  

• Portfolio, purchasing, category or contract managers  
• Supplier relationship managers  
• Sourcing specialists   
• Leaders in procurement  

For more information on this event and The Faculty Roundtable Program, please contact [email protected]