The Pareto Principle Has An Expiry Date

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The Pareto Principle Has An Expiry Date?
gorby58   12/26/2016 9:53:46 AM

Personally I consider essential the use of a tool like the Kraljic Matrix for a strategic management of procurement but I also think that in a process of 360 ° Spend Analysis and Expenditure Mapping we shouldc not leave the "old" but still valid Pareto. I certainly think that 80/20 analysis an suggest priorities on the basis of which we can act in a strategical and methodological way with the ndications that Kraljic makes available to us. So in conclusiono I gess that a good "Cohabitation" between the two methodologies it is the best recipe for best results.

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