When would a procurement professional use the Pareto principle?
A.
when considering changing a supplier
B.
when conducting a value analysis
C.
when looking at whole-life-cycle costs
D.
when appraising a supplier
The Answer Is:
A
This question includes an explanation.
Explanation:
Explanation
The Pareto Principle can be used when considering changing a supplier. It helps to categories suppliers by how strategically important the item is that they provide to the business.
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