Capability management in business stack rank investments, for example advantage capabilities with high heat move to the top of the agenda, followed by business essential capabilities with large inefficiencies. Capability management in business Capability management is the approach to the management of an organization, typically a business organization or firm, based on the "theory of the firm" as a collection of capabilities that may be exercised to earn revenues in the marketplace and compete with other firms in the industry. "Capability Management" seeks to manage the stock of capabilities within the firm to ensure its position in the industry and its ongoing profitability and
Supply management (procurement) established in 1972 to assist in promoting supplier development of Asian, Black, Hispanic and Native American-owned businesses, and providing management training and capacity-building to minority business enterprises and corporate program staff. Many certification programs are relevant to the supply management profession. Some are offered through non-profit associations, such as the Certified Professional in Supply Management (CPSM) through the Institute for Supply Management. There are also for-profit companies who offer certification programs, such as Next Level Purchasing Association, who offers the Senior Professional in Supply Management® (SPSM®) Certification. Supply management is different from supply chain management, though it can be considered