Question 1Kraljic' Matrix is a popular framework for analyzing supplier relationships.a. Describe the Kraljic' Matrix. Give examples of typical purchase situations related tothe four categories.b. Describe the basic principles of transaction cost theory (TCE) and discuss howKraljic' Matrix can be related to this theory. (Tip: it is instructive to first move from"south to north" when connecting Kraljic matrix to arguments of TCE and then movefrom "west to east" in the matrix).c. As discussed in class, Kraljic' Matrix is a normative theory. It recommends whataction to take in different situations (rather than describing how companies actuallybehave). Consequently, not following the recommended strategy results in a loss.Describe/discuss the following mismatched scenarios (i) Leverage buying whenPartnership is the optimal strategy (i) Partnership when Leverage buying is theoptimal strategy (ii): Leverage buying when the product is a Routine product. (iv)Leverage buying when the product is a Bottleneck product. What is the loss thatoccurs given each mismatch? Relate to theory.d. Although comprehensive, the Kraljic Matrix leaves out several important factorsinfluencing the purchase situation. Identify 2-3 factors NOT included in Kraljic Matrixand discuss how these factors impact choice of purchase strategy and relatedoutcomes.

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 19MC: A transfer pricing structure that considers the opportunity costs of selling to internal rather than...

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