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Price: USD 5,900
Instructor led live virtual classroom online. Classes may be individual or in group.
- Payment Terms: Enquire
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
OverviewCategory Management is an approach to Procurement that is gaining ground in both the public and private sectors. In Category Management products or services that have similar characteristics and are bought from similar supply markets are grouped together and treated as a discrete group or category. These categories are then more manageable from a procurement perspective because the items in a category require the same supplier market intelligence the same sourcing strategies and similar supplier relationship management programmes. The course intends to work with the Category Teams in a systematic way to identify the categories of purchase and develop a defined category sourcing strategy that provides efficiencies and cost reductions. The Category Teams will develop a category sourcing strategy by applying the Category Management process framework which is simple proven and it works. Category Management is a continuous process and not a one-off improvement project. Category teams will need to know about and apply several technical tools. Still category management can also be thought of as a change management process and indeed the introduction of Category Management will usually require changes to the organisation's processes to relationships (both internally and externally) and organisational changes. Like any change process it requires stakeholder commitment good communication and the right resources. Key to its success and application is that it requires teams to work across organisational departmental and functional boundaries. This can be very demanding and require energy communication managerial support and sponsorship. This session will coach and mentor the category teams on their 'real category projects' prepare the teams to refine the categories and develop a category sourcing strategy that can be applied considering stakeholder management communication plans and market analysis. The Category teams will be provided with templates and checklists and will see on their projects how the tools and techniques apply to their category. Course Format The combines classroom instruction with hands-on coaching designed to teach the development of a category sourcing plan. We strongly recommend that the teams have a pre-defined 'Category Project' for the workshop. Teams are expected to bring all data and materials related to the category.
Objective
You Will Learn
- The Category Management framework
- To apply the framework into a category and develop a detailed category sourcing plan
- Specific tools and techniques
- To use the techniques through group exercises
- To use effective checklists and templates
Who Should Attend
Category managers, supply chain managers, procurement and commodities managers, engineers, project managers, project team members, and all those responsible directly or indirectly for spending on goods and services.
Course Outlines
Day 1: Business Objectives and Planning
- Translate into purchasing objectives
- Work out current state desired state and high-level options
- Identify and outline Business Requirements
- Deliverables and measures of success
- Stakeholders and communications planning
Day 2 and Day 3: Commodity Analysis
- Develop spend analysis and identify principles to categorisation
- Risk tracking
- Identify current and potential suppliers
- Assessing market dynamics
- Identifying 'quick wins'
- Conducting Portfolio Analysis
- Modelling costs
- Internal and external supply chain analysis
Day 4 & 5: Options and Strategy
- Derive sourcing options.
- Decide on the best sourcing option(s)
- Planning and risk assessment
- Creating a category plan and category strategy
Job roles this course is suitable for:
managers , supply chain managers , procurement commodities managers , engineers , project managers , project team membersAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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