Explain three strategic decisions that could be made or enhanced by using the STEEPLE or SWOT analysis
Answer(s): A
By using STEEPLE and SWOT analysis, the organization can reach out to the following strategic decision in how it will engage with its external environment, and utilize it strength to cover up for its weakness and achieve its strategic goals;1) STEEPLE can aid an organization to come up with informed decision by understanding when is the right time to procure goods or services?2) STEEPLE and SWOT analysis can uncover the quantity that could be most economical to ac-quire at the point in time.3) When an organization want to decide on the currency that could be most favorable for the buy, it will analyze the countries involved and the strength of their currency and make its decisions on which currency that the supplier should be paid that will not make the organization to lose unnecessary money to exchange.4) Should the product or services be made or bought?5) Should the product or services be resourced?6) Should the product or services be placed?Refer to the question column
By using STEEPLE and SWOT analysis, the organization can reach out to the following strategic decision in how it will engage with its external environment, and utilize it strength to cover up for its weakness and achieve its strategic goals:1) STEEPLE can aid an organization to come up with informed decision by understanding when is the right time to procure goods or services?2) STEEPLE and SWOT analysis can uncover the quantity that could be most economical to ac-quire at the point in time.3) When an organization want to decide on the currency that could be most favorable for the buy, it will analyze the countries involved and the strength of their currency and make its decisions on which currency that the supplier should be paid that will not make the organization to lose unnecessary money to exchange.4) Should the product or services be made or bought?5) Should the product or services be resourced?6) Should the product or services be placed?
What are the four quadrants within the Kraljic portfolio matrix?
At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier ·Refer to the question column for response
At the early stages In procurement and supply cycle, buyers begin segmenting current supplies in the categories, depending on their level of integration into the organization. To help get this done, the buyer may use the Kraljic portfolio matrix. The kraljic portfolio matrix segment suppliers into four categories, which are;1) Routine 2) Bottleneck 3) Leverage 4)strategic supplier
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