Professional Certificate in Category Management
-- ViewingNowThe Professional Certificate in Category Management is a comprehensive course designed to empower professionals with the skills necessary to excel in strategic sourcing and supply chain management. This certification focuses on enhancing learners' understanding of category management principles, demand planning, and strategic cost management.
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Here are the essential units for a Professional Certificate in Category Management:
โข Fundamentals of Category Management: An introduction to the basic concepts, principles, and benefits of category management in procurement and supply chain management. This unit covers the key elements of a category management strategy, including segmentation, demand management, supplier relationship management, and total cost of ownership analysis. It also explores the role of data analytics and technology in category management.
โข Category Planning and Strategy Development: This unit focuses on how to conduct a category analysis, define the scope and objectives of a category strategy, and identify potential risks and opportunities. Participants will learn how to develop a category plan, set performance metrics, and engage stakeholders in the category management process. They will also explore best practices for supplier segmentation and selection, and learn how to negotiate and manage contracts effectively.
โข Demand Management and Forecasting: In this unit, participants will learn how to analyze and manage demand patterns, trends, and volatility in a category. They will learn how to use demand forecasting techniques and tools to predict future demand, optimize inventory levels, and reduce waste and inefficiencies. The unit also covers best practices for demand shaping and sensing, and how to collaborate with internal and external stakeholders to align demand with business objectives.
โข Supplier Relationship Management: This unit focuses on how to develop and manage strategic supplier relationships that create value for both parties. Participants will learn how to assess supplier capabilities and performance, identify areas for collaboration and innovation, and develop a supplier development plan. The unit also covers best practices for supplier performance measurement, risk management, and communication.
โข Procurement Processes and Contract Management: This unit covers the key procurement processes and contract management practices that are essential for effective category management. Participants will learn how to develop and execute a sourcing strategy, conduct a competitive bidding process, and negotiate and manage contracts. The unit also explores the role of e-procurement and digitalization in procurement, and how to use data analytics to monitor and optimize procurement performance.
โข Cost and Value Management
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