The first news on the Kraljic matrix appeared in 1983 and was published by Kraljic himself.
It became amazingly popular almost immediately after it was announced and named a procurement breakthrough.
Until today the Kraljic matrix is considered as the basic tool for cost categorization in companies.
Unfortunately, the tool does not always work. Therefore, what’s wrong with the Kraljic matrix?
There are 4 key features which matter in business: : fluency, flexibility, visibility and forecasting. Those features are most wanted by business leaders while selecting and implementing software supporting various teams’ work. Every system, whether for HR, Finance or Sales should:
be so flexible to answer the needs of the companies which do not operate in a standard way
provide data flow
be able to analyze the data
A new is coming in the procurement area and all business leaders and CPOs know it pretty well.
87 is the magic number. Why? 87% of CPOs surveyed in The Deloitte Global CPO Survey 2017 agree that the talent is the single greatest factor in driving procurement performance.