A criterion in establishing whether a purchase is strategic can be:
A)determined by the chief executive officer (CEO).
B)determined by the customer.
C)determined by the supplier.
D)determined by performing Pareto analysis to determine if the purchase is an "A" item.
E)defined by specification.

Question

Quizplus · Accepted Answer

By performing Pareto analysis, an organization can determine which purchases are critical and have a significant impact on the company's overall performance. This allows the company to focus on managing these purchases strategically to maximize benefits and minimize risks.

A Criterion in Establishing Whether a Purchase Is Strategic Can