Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In thinking about Peter Kraljic's Supply Matrix we understand that supply risk and profit impact are considered. Kraljic suggests that for strategic items we form
In thinking about Peter Kraljic's Supply Matrix we understand that supply risk and profit impact are considered. Kraljic suggests that for strategic items we form partnerships while for potential bottleneck items, we ensure supply by: 1. Managing the supplier of the bottleneck items. 2. Asking for discounts when items are in short supply. 3. Holding additional inventory and potentially adding multiple supply points. 4. Holding the supplier accountable for bottleneck items using the supplier scorecard
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started