Question at position 44 In which item category would the sourcing strategies of maintaining safety/strategic stocks, developing contingency plans, strengthening relationships, and searching for alternatives, be appropriate?Strategic ItemsLeverage ItemsNon-Critical ItemsBottleneck Items

Question

BlackTom AI · Accepted Answer

The question asks which item category is most appropriate for sourcing strategies such as maintaining safety or strategic stocks, developing contingency plans, strengthening relationships, and searching for alternatives.
Option 1: Strategic Items. These are high-risk, high-value items where the focus is often on deep supplier collaboration, long-term contracts, and strategic partnerships. While some continuity measures may be used, the listed strategies emphasize stock protection and contingency planning more closely aligned with items that are riskier to isolate from supply disruptions.
Option 2: Leverage Items. These are typically high-value items with readily available alternative suppliers, where the emphasis is on price, volume, and competition among suppliers. The described practices of safety stocks and contingency planning are not the primary focus here, which makes this option a weaker fit.
Option 3: Non-Critical Items. These are low-risk, low-value items that require minimal supplier risk management. The emphasis on safety stocks, contingencies, and alternative sourcing does not align with the lightweight management usually applied to these items, making this option unlikely.
Option 4: Bottleneck Items. Bottleneck items are characterized by high supply risk and limited supplier options, which makes continuity of supply crucial. To mitigate disruption, organizations commonly maintain safety or strategic stocks, develop contingency plans, invest in strengthening supplier relationships, and actively search for alternative sources. This combination of strategies directly targets supply continuity risks inherent to bottleneck items.
In summary, while some strategies could be relevant to other categories in certain contexts, the set of actions described—stock protection, contingencies, relationship strengthening, and alternative sourcing—is most coherent with Bottleneck Items.

Question at position 44 In which item category would the sourcing strategies of maintaining safety/strategic stocks, developing contingency plans, strengthening relationships, and searching for alternatives, be appropriate?Strategic ItemsLeverage ItemsNon-Critical ItemsBottleneck Items

View Explanation

Log in for full answers

Similar Questions

Part 1In the portfolio model, what items are characterized by low profit impact and high supply risk?Part 2 A. bottleneck items B. routine items C. leverage items D. critical items

Part 1In the portfolio model, what items are characterized by low profit impact and low supply risk?Part 2 A. leverage items B. routine items C. critical items D. bottleneck items

Question at position 26 In which sourcing category would an item typically be classified, if it is considered to be low value, low risk, and there are lots of potential suppliers?BottleneckLeverageNon-CriticalStrategic

Question at position 40 The buyer's assessment of the risk associated with a supplier is influenced by whether or not it is a non-critical, leverage, bottleneck, or strategic purchase.TrueFalse

Please match the four types of purchases with their associated supply risk and profit impact in Kraljic's Portfolio Purchasing Model. 1: High supply risk, low profit impact 2: low supply risk, high profit impact 3: High supply risk, high profit impact 4: low supply risk, low profit impact

In a consumer society, many adults channel creativity into buying things

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler

Question at position 44 In which item category would the sourcing strategies of maintaining safety/strategic stocks, developing contingency plans, strengthening relationships, and searching for alternatives, be appropriate?Strategic ItemsLeverage ItemsNon-Critical ItemsBottleneck Items

View Explanation

Log in for full answers

Similar Questions

Part 1In the portfolio​ model, what items are characterized by low profit impact and high supply​ risk?Part 2 A. bottleneck items B. routine items C. leverage items D. critical items

Part 1In the portfolio​ model, what items are characterized by low profit impact and low supply​ risk?Part 2 A. leverage items B. routine items C. critical items D. bottleneck items

Question at position 26 In which sourcing category would an item typically be classified, if it is considered to be low value, low risk, and there are lots of potential suppliers?BottleneckLeverageNon-CriticalStrategic

Question at position 40 The buyer's assessment of the risk associated with a supplier is influenced by whether or not it is a non-critical, leverage, bottleneck, or strategic purchase.TrueFalse

Please match the four types of purchases with their associated supply risk and profit impact in Kraljic's Portfolio Purchasing Model. 1: High supply risk, low profit impact 2: low supply risk, high profit impact 3: High supply risk, high profit impact 4: low supply risk, low profit impact

In a consumer society, many adults channel creativity into buying things

More Practical Tools for Students Powered by AI Study Helper

Making Your Study Simpler

Part 1In the portfolio model, what items are characterized by low profit impact and high supply risk?Part 2 A. bottleneck items B. routine items C. leverage items D. critical items

Part 1In the portfolio model, what items are characterized by low profit impact and low supply risk?Part 2 A. leverage items B. routine items C. critical items D. bottleneck items