FinTech Magazine - February 2022 | Page 138

VISA
MANO ON CATEGORY MANAGEMENT

INSIGHT ...

“ Category management is absolutely a critical part of the procurement spectrum and some companies do not invest enough in it or do not understand the great value that they can deliver . Category management builds the relationship with the strategic end and also helps to drive the implementation , ensuring activities and initiatives are delivered to align with those sourcing strategies . Category management is also important to manage relationships – not only with our internal stakeholders but also with our supply market so it is an absolutely critical function .”
138 February 2022