Examine Kraljic’s Portfolio Purchasing Model.
Expert Answer
Answer – This model is used to analyse the purchasing portfolioof a company .It facilitates a company to get insights into theworking methods of purchasing department and how they spend theirtime on purchasing and evaluation of various products . It is veryimportant for purchasing department to evaluate the risk patternsand maximise profits by having right approach to procurement cycle.
The purchasing department devises the apt purchasing strategyfor the organisation .
This model helps the organisation in identifying importantsupplier .