Question:
The purchasing manager has provided the following information for your use:
| Spend Category |
Amount Thousands US$ |
Number of Suppliers |
| Production Machinery |
170 |
2 |
| Maintenance |
20 |
10 |
| Hardware |
3 |
10 |
| Sheet Metal |
23 |
7 |
| Electronic Components |
288 |
5 |
Assuming that the amounts shown represent the total annual spend (Amount/Total Amount) calculate the percent of spend for each category.
Classify each spend category as either low or high complexity and summarize your reasoning.
Create a 2x2 Risk/Value matrix showing each of the five spend categories placed in either "High" or "Low" Risk group.
Explain why you placed each item in the selected category.
Submit your assignment as an MS Word document.
Your assignment
Must be 600-900 words (excluding title page and references page) in length, double-spaced and formatted according to APA style as outlined in the Ashford Writing Center. Contextual (Level One) headings must be used to organize your paper and your thoughts. Must include a title page with the following:
Title of paper
Student's name
Course name and number
Instructor's name
Date submitted
Must address the topic of the paper with critical thought.
Must utilize a minimum of one scholarly and/or peer-reviewed source. Must document all sources in APA style.
Must document all sources in APA style, as outlined in the Ashford Writing Center.
Must include a separate reference page, formatted according to APA style.
REFERENCE
Blanchard, D. (2010). Supply chain management best practices (2nd ed.)