Category Strategy – Contingent Workforce Management

Contingent workers are becoming an increasing part of the workforce, especially as millennials take up jobs in which they are not directly employed by the company they work for. Contingent Workforce Management (CWM) involves the management of an organization’s contingent/temporary staffing activities on an ongoing basis. This category strategy template is ready to use, offering editable frameworks for internal assessment and detailed industry and market category overviews to assist category managers, procurement professionals, and CPOs in creating an informed category strategy for CWM. The template can be customized by category managers with internal category information, such as spend, suppliers, and subcategory overview. The category manager can also use industry and market insights provided in this template to build a strong supply base understanding. A category strategy’s goal is to create an action plan for effective category management, and this template provides the requisite tools, frameworks, and information to create a robust strategy. Best-in-class procurement organizations effectively leverage such tools and techniques to drive continuous improvements in their categories.