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\nWhat is The Kraljic Matrix? Optimize Your Project Procurement\n

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\nIf you're managing projects of any significant size, procurement probably accounts for a big chunk of your budget. Poor procurement decisions are a major risk to your project. That’s why the Kraljic Matrix is an essential tool in your...\nIf you're managing projects of any significant size, procurement probably accounts for a big chunk of your budget. Poor procurement decisions are a major risk to your project. That’s why the Kraljic Matrix is an essential tool in your project management toolkit. So, what is it and how can you apply it to project management?\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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12:06
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Grade
10th - Higher Ed
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Subjects
Career & Technical Education
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Media Type
Instructional Videos
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Source:
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\nOnline PM Courses\n\n
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Date
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2025
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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purchasing, raw materials
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Additional Tags

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kraljic matrix, procurement, project management, project procurement, strategic sourcing, project supply chain, supplier management, procurement strategy, leverage items, bottleneck items, strategic items, vendor management, project strategy, project success, sourcing strategy, strategic purchasing, supply risk, procurement tools, value chain, strategic decisions, supplier relationship management, project management best practices, kraljic, purchasing decision, project managers, strategic activity, supplier base, multiple suppliers, strategic suppliers, krallich matrix, low impact, high impact, cost optimization, procurement professionals, low risk
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Classroom Considerations

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