The Pareto Principle is sometimes also known as what?
A.
Five Forces
B.
JIT
C.
ABC Analysis
D.
Cost Engineering
The Answer Is:
C
This question includes an explanation.
Explanation:
Explanation
Pareto is the 80:20 rule- this can be adapted to talk about supplier relationships, where instead of having 2 categories there are now 3 (A B and C). CIPS use the terms Pareto and ABC interchangeably. See p.16 for further information
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