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Kraljic’s model classifies purchased products and services along two dimensions: profit impact and supply risk.

Managing Marketing Procurement Through a Kraljic Lens

In a landmark 1983 article in the Harvard Business Review, Peter Kraljic introduced a purchasing portfolio model using a 2 x 2 matrix. The Kraljic model was...

Outcome-Based Contracts is a joint endeavor that rests on the strength of the relationship and an honest, open sharing of information including risk and reward.

Understanding Outcome-Based Contracts

Aug 07, 2020

To reap the benefits of AI, piloting a Proof of Concept (known as a PoC) is a logical first step to building your own AI models or solutions.

Guide Your Artificial Intelligence Solution with a Proof of Concept

Aug 05, 2020

When it comes to sourcing professional services to help grow their businesses, companies will increasingly find some level of comfort and convenience by partnering with those closer to home.

Could the Pandemic Bring Outsourcing Closer to Home?

Aug 03, 2020

A core competency is the combination of resources and skills that distinguish a firm in the marketplace.

Prahalad and Hamel: Corporations and the Core Competency Concept

Jul 31, 2020

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Digital agility begins with automation

Well, many companies adopt automation in only one department of their business, while the rest of the department will rely on legacy systems. An automation...