Podcast
Questions and Answers
What is the main purpose of the Category Management process?
What is the main purpose of the Category Management process?
- Proactively driving sourcing decisions in compliance with regulations
- Periodically reviewing procurement categories in line with business need and supply risk profiles
- Developing a system for strategic sourcing of goods, works, and services (correct)
- Defining and assigning buying channels to strategic procurement categories
What does the Category Management process involve in relation to the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010?
What does the Category Management process involve in relation to the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010?
- Proactively driving sourcing decisions in compliance with local content targets specified in the act (correct)
- Defining and assigning buying channels to strategic procurement categories
- Building business alignment for category management
- Developing a system for periodic review of procurement categories in line with business need
What is one of the objectives of the Category Management process?
What is one of the objectives of the Category Management process?
- Developing a system for strategic sourcing of goods, works, and services (correct)
- Compliance with local content targets specified in the act
- Assigning buying channels to non-strategic procurement categories
- Performing category analysis to identify potential suppliers
What does procurement categorisation aim to enhance?
What does procurement categorisation aim to enhance?
In Category Management, what does building business alignment refer to?
In Category Management, what does building business alignment refer to?
Study Notes
Category Management Process
- The main purpose of the Category Management process is to optimize procurement strategies and leverage spend to achieve business objectives.
Category Management in Nigerian Oil and Gas Industry
- The Category Management process involves the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.
Objectives of Category Management
- One of the objectives of the Category Management process is to maximize value from procurement spend.
Procurement Categorisation
- Procurement categorisation aims to enhance spending visibility, transparency, and accountability.
Building Business Alignment
- Building business alignment in Category Management refers to the process of ensuring that procurement strategies are aligned with business objectives and stakeholder needs.
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Description
Test your knowledge of the Category Management process, including defining category portfolio management, building business alignment, performing category analysis, and developing category strategy. Learn about strategic sourcing and procurement categorisation to enhance sourcing of goods, works, and services.
