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BENEFITS OF DOCUMENT

  1. How to develop a procurement strategy
  2. What is the Kraljic matrix and how to apply it

DOCUMENT DESCRIPTION

Organizations need to understand the difference between procurement and purchasing.

While purchasing relates to ordering the goods from some vendors, procurement is more of a strategic approach, creating the foundation and the guidelines for the purchasing officer or purchaser to know how to order the products the organization needs.

Indeed, depending on the part/product profile and its use as well as its supply risk, the procurement strategy will be different and will need a different approach.

In this presentation, we give you a high-level understanding of how to develop and design a procurement strategy using the Kraljic matric. This model is an easy-to-use model allowing for a quick review of the organization's part list and categorizes them clearly into the best way to handle the procurement.
Once developed, purchasers will only have to follow the strategy to get things done and manage their vendors accordingly.

Don't hesitate to contact us should you need more information.

Got a question about the product? Email us at [email protected] or ask the author directly by using the form to the right. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Developing a Procurement Strategy - Krajlic Matrix PowerPoint document

 

Developing a Procurement Strategy - Krajlic Matrix

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File Type: PowerPoint (pptx)

File Size: 3.8 MB

Number of Slides: 23 (includes cover, transition slides)

Related Topic(s): Strategic Sourcing

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Initial upload date (first version): Apr 23, 2021
Most recent version published: Apr 23, 2021

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