Based on the Sourcing Portfolio Analysis Model, match the commodity type to the

Question

Based on the Sourcing Portfolio Analysis Model, match the commodity type to the appropriate strategy, tactics or actions Ensure supply continuity; reduce v [ Choose] uniqueness of requirements: look ROUTINE/GENERIC COMMODITY for alternative supplies and suppliers. BOTTLENECK/PROBLEM COMMODITY LEVERAGE COMMODITY CRITICAL/STRATEGIC COMMODITY Simplify the acquisition process use automated ordering; decrease the number of suppliers used. [ Choose ] Form partnerships; increaseIChoose supplier responsibilities; use negotiation tactics. Maximize commercial advantage; use competitive bidding; use market standards.

Explanation / Answer

Ensure supply continuity......... = Bottleneck/Problem

Due to unreliability of Supplier, it is important to have alternatives in order to have continuity

Simplify acquisition process......... = Routine/Generic

As it is the routine item, it is important to optimize by reducing lot size and complexity

Form partnerships..................... = Critical/Strategic

For strategic commodity, it is important to form partnerships and have proper negotiation

Maximize commercial advantage...... = Leverage

These commodities can give leverage as company can reduce cost through bidding, market standards etc.

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