Questions and Answers
What is the main purpose of the Category Management process?
Developing a system for strategic sourcing of goods, works, and services
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
What is one of the objectives of the Category Management process?
Developing a system for strategic sourcing of goods, works, and services
What does procurement categorisation aim to enhance?
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In Category Management, what does building business alignment refer to?
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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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