What is 'external category manager' in SAP LOD-ESO - Sourcing OnDemand?

external category manager - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A buy-side collaborator role. This user has all rights to the sourcing document and is responsible for the external category described in the sourcing document.

external category manager - Details

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  Key Concepts: 
  External Category Manager is a feature of SAP LOD-ESO Sourcing OnDemand that allows companies to outsource the management of their sourcing categories to external experts. This feature enables companies to access the expertise of external professionals who specialize in specific categories, such as IT, legal services, or marketing. The external category manager can provide advice on the best sourcing strategies and help to ensure that the company is getting the best value for their money. 
  
  How to use it: 
  The external category manager can be used in a variety of ways. Companies can use the external category manager to identify potential suppliers, negotiate contracts, and manage supplier relationships. The external category manager can also provide advice on how to optimize sourcing strategies and ensure that the company is getting the best value for their money. Additionally, the external category manager can help to ensure that all sourcing activities are compliant with applicable laws and regulations. 
  
  Tips & Tricks: 
  When using an external category manager, it is important to ensure that they have the necessary expertise and experience in the relevant category. Additionally, it is important to ensure that they are familiar with the company’s specific needs and requirements. It is also important to establish clear communication between the company and the external category manager in order to ensure that all expectations are met.