Day: March 11, 2022

Access to relevant purchasing data is critical for successful category management or purchasing integration overall. In a category management environment where the main objective is to identify and transform commonalities in purchasing requirements across business units and geographies, it is Read More …

Purchasing‘s resources must be put to the best possible use by allocating resources to categories with the highest potential for value generation. Global purchasing synergies can broadly be divided into economies of scale, which relates to pooling of volume in Read More …

Category identification refers to selecting the items that should be included in a particular category as well as selecting what categories that should be prioritized. A category encompasses a group of similar items that are required for specific business activities Read More …

W1-2-60-1-6 JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY UNIVERSITY EXAMINATIONS 2016/2017 YEAR 4 SEMESTER 2 EXAMINATIONS FOR THE DEGREE OF BACHELOR OF SCIENCE IN INFORMATION TECHNOLOGY BIT 2210: BUSINESS INTELLIGENCE DATE: JULY 2017                                                                   TIME: 2 HOURS INSTRUCTIONS: ANSWER QUESTION Read More …

Consider these four major consumer-based category roles: • Destination category: this is a category with which the retailer wants to profile himself towards his target consumers and differentiate himself from competition. It aims to place a retailer as primary category Read More …

Category managers can come from a variety of backgrounds such as marketing, buying, or insight, and there is not necessarily one ‗typical‘ personality that will succeed. Some category roles are a lot more analytical, involving a lot of time dissecting Read More …

Buyers: Definition: A Buyer is an individual tasked with managing the purchasing process for a good(s) or a service(s) for a company. This includes running the purchase order with a set supplier base. An easy way to describe it is Read More …

Although small deals are becoming increasingly common, the single-source mega deal is still very much in demand due to a variety of reasons, including less administrative effort in dealing with only one supplier. A single-source procurement is also greatly beneficial Read More …

1. Enables the business to operate collaboratively 2. It ensures effective supplier relationships 3. It leads to better quality 4. Team work and communication 5. Streamlining business processes 6. Brings about innovation from the supplier base. 7. Helps to identify Read More …

Requirement identification- the organisation will try and identify the requirements and develop the strategies to respond to the market needs or demand which can either be internal or external. This stage involves: justification of the requirement through need analysis clarity Read More …