What Is Kraljic Matrix?
In Supply Chain Management, the Kraljic Matrix Is a Method Used to Segment the Purchases or Suppliers of a Company by Dividing Them into Four Classes, Based on...
In supply chain management, the Kraljic matrix is a method used to segment the purchases or suppliers of a company by dividing them into four classes, based on the complexity of the supply market and the importance of the purchases or suppliers.
What is Kraljic Matrix used for?
The Kraljic Matrix is a strategic tool used by procurement and supply chain professionals to identify and minimise supply risks. Using the tool to classify the importance of suppliers' products and services can highlight supply chain weaknesses, support strategy development and minimise supply disruption.
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How does the Kraljic Matrix work?
Summary. The Kraljic Matrix works by mapping the profit impact of a product on one axis, and our vulnerability to the supplier's disappearance on the other. It essentially provides a portfolio management approach to managing an organization's many suppliers.
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