The _____ identifies those 20 percent of suppliers receiving the bulk of purchase spend or that minority of suppliers that causes the most quality problems.
A)"improve or else" approach
B)triage approach
C)strategic sourcing approach
D)competency staircase approach
E)twenty/eighty rule

Question

Quizplus · Accepted Answer

The "twenty/eighty rule," also known as the Pareto Principle, is used to identify the 20 percent of suppliers that receive the bulk of purchase spend or cause the majority of quality problems, suggesting that a small percentage of causes or efforts often lead to a large percentage of the results or problems.

The _____ Identifies Those 20 Percent of Suppliers Receiving the Bulk