DSCM402 CATEGORY MANAGEMENT IN PURCHASING

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DSCM402 CATEGORY MANAGEMENT IN PURCHASING
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SESSION JUL-AUG ‘24
PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER IV
COURSE CODE & NAME DSCM402 CATEGORY MANAGEMENT IN PURCHASING
   
   

 

 

Assignment Set – 1

 

 

  1. What is concept of category management in Purchase? Explain with examples.

Ans 1.

Concept of Category Management in Purchase

Category Management in purchasing refers to a strategic approach to procurement, where related products or services are grouped into categories that are managed collectively to maximize efficiency and value. Unlike traditional purchasing, which focuses primarily on cost reduction for individual items, category management aims to align procurement strategies with

 

 

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  1. Identify Circular process in category management with suitable examples.

Ans 2.

Circular Process in Category Management

The circular process in category management refers to a continuous, iterative cycle of activities that ensures the category’s procurement strategy remains dynamic, effective, and aligned with changing business

 

  1. Assess in detail with examples – Recruiting the team members in category Management

Ans 3.

Recruiting Team Members in Category Management

Recruiting the right team members is critical for successful category management, as it requires a blend of strategic thinking, analytical skills, and deep industry knowledge. A well-rounded team ensures that the organization can develop and implement effective category strategies, maintain supplier relationships,

 

Assignment Set – 2

 

 

  1. Identify the value adding points in supply chain

Ans 4.

Value-Adding Points in the Supply Chain

A well-optimized supply chain adds value by improving efficiency, reducing costs, and enhancing customer satisfaction. Value addition in the supply chain is achieved by implementing strategies that streamline

 

 

 

  1. Distinguish Risk and Contingency Planning with suitable examples

Ans 5.

Distinguishing Risk and Contingency Planning

Risk and contingency planning are interrelated yet distinct concepts in management. Both are critical for ensuring organizational resilience and stability, but they address different aspects of uncertainty. Risk planning focuses on identifying and assessing potential threats, while contingency planning prepares the organization to

 

 

 

  1. Explain contract planning in detail with examples

Ans 6.

Contract Planning in Detail

Contract planning is a systematic process of developing, negotiating, and finalizing agreements between parties to ensure that objectives are clearly defined, responsibilities are allocated, and risks are manage

 

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