This video offers a comprehensive overview of three key procurement and supply models for improving supply chain management strategies: Kraljic Matrix, Supplier Preferencing Matrix and Mendelow’s Matrix.
Kraljic Matrix helps you prioritise your procurement activities by categorising supplies based on risk and value, allowing you to focus on critical, high-impact items.
Supplier Preferencing Matrix reveals how your suppliers perceive your business, helping you understand where you stand in their portfolio and giving you the leverage to improve relationships or negotiate better terms.
Mendelow’s Matrix ensures you’re managing stakeholders effectively by mapping them based on their power and interest, so you can tailor your engagement strategies accordingly.
Together, these models provide a comprehensive approach to managing your supplier relationships, prioritising procurement activities, and ensuring stakeholder alignment. Drawing from firsthand exam experience and professional expertise, our Knowledge Manager, Beata Kanonda MCIPS Chartered, provides valuable insights and proven techniques to empower you on your path to exam success and help you to understand how to apply these models into your business-as-usual activities.
