March 27, 2019
The Office of Management and Budget’s (OMB) Deputy Director for Management released a memorandum for the heads of executive departments and agencies on March 20, 2019, titled ‘Category Management: Making Smarter Use of Common Contract Solutions and Practices.’
The purpose of the Memorandum was to provide guidance on the use of category management.
According to the Memorandum:
‘As used in this document, the term “category management” refers to the business practice of buying common goods and services as an enterprise to eliminate redundancies, increase efficiency, and deliver more value and savings from the Government’s acquisition programs. Teams of experts in each category of spending help agencies increase their use of common contract solutions and practices and bring decentralized spending into alignment with organized agency- and Government-level spending strategies by sharing market intelligence, Government and industry best practices, prices paid data, and other information to facilitate informed buying decisions.’
To read the full document, click here.