Texts: Strategic Items
Maintain a higher level of safety stock. Develop contingency plans in case of a shortage and search for alternatives. Reduce the number of suppliers being used, simplify and train the purchasing and ordering processes, and assign the buying responsibility to non-purchasing personnel. Consolidate the volume of purchases among fewer suppliers to negotiate reduced costs. Build and strengthen supplier relationships, increase the frequency of communications, foster innovation, seek integration, and ensure the availability of supply.
Non-Critical Items
Leverage Items
Bottleneck Items