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What is the purpose of developing a long-term strategic category plan?
What is the purpose of developing a long-term strategic category plan?
- To generate high level insights into supplier strategy
- To validate the current strategy every year
- To set objectives and planning for the next 1, 3 and 5 years (correct)
- To appoint Category Council members
What does the process of preparing for category strategy involve?
What does the process of preparing for category strategy involve?
- Identifying and appointing Category Council members (correct)
- Refining supply/demand market analysis
- Creating the stake-holder engagement plan
- Updating category background information
What is a key component of creating/refreshing the Category Fact Base?
What is a key component of creating/refreshing the Category Fact Base?
- Developing targets like total spend reduction
- Assessing the product strategy
- Refining supply/demand market analysis (correct)
- Creating the stake-holder engagement plan
What is the role of the core team in executing the category strategy?
What is the role of the core team in executing the category strategy?
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Why is it important to articulate each strategy element?
Why is it important to articulate each strategy element?
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Which step involves analyzing internal and external factors like category spend data and demand forecasting?
Which step involves analyzing internal and external factors like category spend data and demand forecasting?
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What is a key step in assessing supplier strategy?
What is a key step in assessing supplier strategy?
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What is done during the 'Build the Roadmap & x-Functional Alignment' stage?
What is done during the 'Build the Roadmap & x-Functional Alignment' stage?
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How should strategic initiatives be assessed?
How should strategic initiatives be assessed?
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What is a key aspect of 'Deliver & Monitor Value' stage?
What is a key aspect of 'Deliver & Monitor Value' stage?
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What are some activities involved in 'Create risk mgmt. strategy' stage?
What are some activities involved in 'Create risk mgmt. strategy' stage?
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