What is The Kraljic Matrix? Optimize Your Project Procurement

If you're managing projects of any significant size, procurement probably accounts for a big chunk of your budget. Poor procurement decisions are a major risk to your project. That’s why the Kraljic Matrix is an essential tool in your project management toolkit. So, what is it and how can you apply it to project management?


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HBR September 1983: Purchasing Must Become Supply Management by Peter Kraljic
https://hbr.org/1983/09/purchasing-mu...


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⏱ Chapter Markers...
00:00 - What is the Kraljic Matrix? And how does it apply to Project Management?
00:13 - Why we need the Kraljic Matrix
01:00 - What the Kraljic Matrix is
01:56 - What the Kraljic Matrix looks like
02:34 - The relevance of the Kraljic Matrix to Project Managers
04:17 - First Quadrant: Non-critical Items
05:18 - Second Quadrant: Leverage Items
06:14 - Third Quadrant: Bottleneck Items
07:41 - Fourth Quadrant: Strategic Items
09:07 - Practical Tips for Implementing the Kraljic Matrix on your Project
10:50 - Summing up the Kraljic Matrix: The Strategic Dimension

#ProjectProcurement #Procurement #KraljicMatrix