The types of suppliers MOST suited for regular business reviews are those providing
A.
bottleneck and strategic items
B.
bottleneck and non-critical items
C.
strategic and leveraged item
D.
leveraged and non-critical items
The Answer Is:
A
This question includes an explanation.
Explanation:
Suppliers providing bottleneck and strategic items are most suited for regular business reviews because these items typically have high impact on the company's operations and can involve higher risks. Bottleneck items are critical components that can cause significant disruptions if not managed properly, and strategic items are essential for the company's competitive advantage. Regular reviews with these suppliers ensure better alignment, risk mitigation, and strategic collaboration.
References
Kraljic's Portfolio Purchasing Model
Supply Chain Management: Strategy, Planning, and Operation by Sunil Chopra and Peter Meindl
APICS (Association for Supply Chain Management) guidelines
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