Asked by LEMUEL LUBIANO on Jun 19, 2024
Verified
In the Item Procurement Importance Quadrant, what item is described as low risk, low value?
A) Generics
B) Commodities
C) Criticals
D) Distinctives
Item Procurement Importance Quadrant
A strategic framework used to categorize procurement items based on their importance and impact on the company's business operations and strategies.
Low Risk
Situations or decisions that are associated with minimal potential for loss, damage, or negative outcomes.
Low Value
A term used to describe items or transactions that are of minimal worth or importance, either economically or functionally.
- Understand the Item Procurement Importance Quadrant and categorize items accordingly.
Verified Answer
Learning Objectives
- Understand the Item Procurement Importance Quadrant and categorize items accordingly.
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