During an opportunity assessment review, it is crucial to focus first on high-value items as they represent the most significant potential for cost savings and impact on the company's bottom line. Within this category, both low risk and high-risk items should be analyzed to identify opportunities for improvement, risk mitigation, and value optimization. By targeting high-value items first, the company can achieve more substantial benefits from its procurement strategies.
References
* Category Management in Purchasing: A Strategic Approach to Maximize Business Profitability by Jonathan O'Brien
* Supply Chain Risk Management: Minimizing Disruptions in Global Sourcing by Robert Handfield and Kevin McCormack