L4M4 Exam Dumps | When would a procurement professional use the Pareto principle?

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Question 102/105

When would a procurement professional use the Pareto principle?

A. when considering changing a supplier

B. when conducting a value analysis

C. when looking at whole-life-cycle costs

D. when appraising a supplier

Correct Answer: A

The Pareto Principle can be used when considering changing a supplier. It helps to categories suppliers by how strategically important the item is that they provide to the business.

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