Asked by LEMUEL LUBIANO on Jun 19, 2024

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In the Item Procurement Importance Quadrant, what item is described as low risk, low value?

A) Generics
B) Commodities
C) Criticals
D) Distinctives

Item Procurement Importance Quadrant

A strategic framework used to categorize procurement items based on their importance and impact on the company's business operations and strategies.

Low Risk

Situations or decisions that are associated with minimal potential for loss, damage, or negative outcomes.

Low Value

A term used to describe items or transactions that are of minimal worth or importance, either economically or functionally.

  • Understand the Item Procurement Importance Quadrant and categorize items accordingly.
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Verified Answer

MD
Michael DickinsonJun 23, 2024
Final Answer :
A
Explanation :
Generics are low risk, low-value items that are easily available from multiple sources and do not have a significant impact on the company's operations or bottom line.