Category Management Practice Exam
About Category Management
Category Management is the collaborative process of organising categories as independent business units, aimed at producing business results by focusing on delivering value to a customer.
Category Management also aims to provide customers with what they want, where they want it, and when they want it. To do so, products are grouped into categories according to how they are used, consumed or purchased.
The goal of Category Management is to obtain long-term improvements in the efficiencies of the retailer, which leads to increased sales, an improved shopping environment, and customer loyalty.
Why is Category Management important?
Category Management is the collaborative process of organising categories as independent business units, aimed at producing business results by focusing on delivering value to a customer. Category Management also aims to provide customers with what they want, where they want it, and when they want it.
Category management can help retailers identify key value categories, increase category sales volume, and reduce organizational spend. It can also help businesses gauge new procurement cost management opportunities and improve profit margins.
Who should take the Category Management Exam?
• Procurement professionals
• Commercial professionals
• Data analysts
• Buyers
• Category managers
• Procurement officers
Knowledge and Skills required for the Category Management
Specific skills are needed to excel in career of category management which includes analytical bent of mind and quick learning skills.
Category Management Practice Exam Objectives
Category Management exam focuses on assessing your skills and knowledge in category identification, development and analysis.
Category Management Practice Exam Pre-requisite
There are no prerequisites for the Category Management exam. Candidates who are well versed in general management can easily clear the exam.
Category Management Certification Course Outline
1. Selecting categories & supplier partners and refining category definitions
2. Analyzing category performance
3. Determining optimal category roles for your organization
4. Developing strategies and tactics
5. Communicating and implementing category plans
6. Reviewing and evaluating the results
Exam Format and Information
Certification name – Category Management Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees - INR 1199