The Kraljic matrix has established itself as an indispensable tool in the buyer's toolbox, it makes it possible to map purchases. It is a representation of the company's purchasing portfolio.
Your Kraljic matrix for a global vision of your purchasing families
Simply because it is an essential tool for the buyer to map purchases, it makes it possible to identify:
The ordinate axis:
It is the easiest to define. It has a direct impact on profit. In practice, we recommend using the amounts spent and the importance of the item in the final product. Depending on your portfolio, you will decide where to position the cursor.
The x-axis:
It requires further analytical work, as you will need to determine the factors that complicate and risk the portfolio, i.e. qualitative criteria subject to discernment.
This method of classifying the purchasing portfolio allows you to identify the strategic weight of the different purchasing families in order to adapt your purchasing strategy.