Portfolio analysis is a tool to structure and segment the suppliers in the supply base into 4 quadrants based on matrix trade-off of potential value vs complexity-risk. The quadrants are Critical, Leverage, Routine, and Bottleneck. To best utilize the benefits of the portfolio analysis, the strategies and tactics to managing suppliers in these different quadrants can be very different. Please select the eight (8) most correct statements regarding portfolio analysis.Group of answer choicesNever keep inventory from routine suppliers.Keep many routine suppliers in your supply base to stay competitive.Widen product specs should be an objective with bottleneck suppliers.Its best to sign long term contracts with leverage suppliers.Supply continuity is the key objective with bottleneck suppliers.Bottleneck suppliers have the longest lead-times, causing bottlenecks.Automate purchase orders with routine suppliers as much as possible.Bottleneck suppliers usually know they are bottleneck suppliers.To maximize profits, its best to use bidding with critical suppliers.Critical suppliers require significant contingency planning.Its often smart to consolidate leverage suppliers.Critical suppliers should be micro-managed.Critical suppliers supply so much volume, they require little attention.Its never worth the effort to negotiate with routine suppliers.Competitive bidding works well with leverage suppliers.Relationships with critical suppliers are highly negotiated.No need to negotiate with bottleneck suppliers since total spend is low.Leverage suppliers usually require large inventory investment.Its best to simplify the purchasing process with routine suppliers.Leverage suppliers have technology that should be leveraged.