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Category Management: Analyze the Data, Strategize your Plan, Deliver Big Results

Category managers assess demand for a product or service across the organization. The goal of category management is to find innovative ways to reduce cost and increase the competitiveness of the enterprise – not always an easy task. This supply management course will put you on the fast-track to using spend analysis and proven category management techniques to their full advantage. Leave equipped with new skills to excel in your role. During the two days, there will be ample time to participate in practical exercises utilizing new tools and methods to put to immediate use in your job.

Member Price: $1,199.00

List Price: $1,499.00
VIRTUAL CLASS
Early Bird Pricing Ends on Oct 11 2020

Date

Nov 11-12, 2020

Add To Calendar 11/11/2020 10:00:00 AM 11/12/2020 6:00:00 PM ET Category Management: Analyze the Data, Strategize your Plan, Deliver Big Results Online

Location

Online
Format
Virtual Class
CEH Credits
14.0
Product Code
VC-4221-20

Additional Information

Presenters

Description

What You Will Learn:

  • Supplier and customer segmentation
  • The five best practices of category management
  • The market forces impacting your sourcing approach
  • How to determine the spend profile of a category
  • Four cost elements that make up a price
  • Supplier pricing methods and cost models
  • How to deconstruct price
  • Supplier financial analyses that provide useful options to stakeholders
  • Techniques for identifying and managing category-specific risk
  • How to develop a category strategy
  • The five elements of a valid contract
  • The significance of SOWs

Virtual Class Schedule:

Day 1 - 10:00 ET - 1:30 ET / 7:00 PT - 10:30 PT (3.5 hours), Break for Lunch
Day 1 - 2:30 ET - 6:00 ET / 11:30 PT - 3:00 PT (3.5 hours)
Day 2 - 10:00 ET - 1:30 ET / 7:00 PT - 10:30 PT (3.5 hours), Break for Lunch
Day 2 - 2:30 ET - 6:00 ET / 11:30 PT - 3:00 PT (3.5 hours)

Course Overview & Goals:

  1. Dive into segmentation: Supplier portfolio matrix and customer matrix
  2. A category management overview and process that will cover: definitions, best practices, and category teams
  3. Examine supply market analysis, including: SWOT, market analysis, STEEP, sources of date, Porter’s 5 Forces, and multi-year analysis
  4. Learn more about spend analysis: addressable spend, Pareto analysis, classification and categorization
  5. Dig deeper into price and cost analysis: price and cost development, supplier pricing methods and cost models, deconstructing price, variable cost analysis, portfolio matrix
  6. Take a closer look at supplier financial analysis: profitability ratios, efficiency ratios, sources of data
  7. Examine risk management deeper: planning and strategy and portfolio and risk matrices
  8. Dive into opportunity analysis, including supplier matrix
  9. Learn more about category strategy development and category plan
  10. Examine contracts and SOWs, including: elements of a contract, types of contracts, significance and element of SOWs
  11. Leave with an action plan to implement what you’ve learned into your organization for success

Who Should Attend:

This category management training is ideal for buyers, sourcing specialists, category managers and similar functions, as well those who manage these responsibilities.

Terms And Conditions

Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.

Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.

Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.

View full terms of service here.