A quantified Kraljic Portfolio Matrix: Using decision analysis for strategic purchasing

Since its inception, the Kraljic Portfolio Matrix (KPM) has been widely used as a diagnostic and prescriptive purchasing tool. One of the primary weaknesses of the KPM is the qualitative nature of the model, which results in a subjective method for weighting and positioning suppliers or commodities in the various quadrants. In an effort to help overcome this widely cited weakness, this research proposes an objective, quantitative decision...