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Ideally, category management is related to retailing and purchasing, in which all the sold or purchased products are categorized into different groups. Similar products are identified under discrete groups that can form a category. This helps a retailer or an organization to manage their products in a better way. Mostly, it is implemented in 5 stages - category structure definition, performance measurements, strategy definition, implementation, and category review. This helps in value creation and governance of products by retailers and manufacturers.