At Barkers our team have been implementing strategic sourcing and category management for more than 20 years. We’ve literally written the book and constantly revised it as technology has changed and capabilities have increased. The illustration shows our comprehensive toolset, which has been fully digitised into a powerful suite of tools integrated into Microsoft Power BI.
The key to our process is that we will integrate into existing governance, reporting and approval processes. So often category management sits in isolation or clunkily added on the side of the tender process. Getting the business as used to reviewing a strategy as signing off a PO is critical. Taking this to its logical conclusion, by creating category plans, more delegated authority can be handed to procurement to award contracts in line with the plan, and meet the benefit targets established for key budget holders.
The Chartered Institute of Procurement & Supply (CIPS) defines Category Management as: