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Category Management Process Quiz

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Questions and Answers

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?

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?

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?

<p>Strategic sourcing of goods, works, and services</p> Signup and view all the answers

In Category Management, what does building business alignment refer to?

<p>Aligning category strategies with overall business objectives</p> Signup and view all the answers

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.