Renies company has $4$ suppliers. Supplier A supplies products that are critical, and since he is financially stable, he is arrogant and believes that without him, Renies company can not survive.

Supply C is moderate in prices and good. Renies company has a cordial relationship with supplier C$,$ but supplier C supplies transactional items.

Supplier B is a monopoly and doesn't care without Renies' company dealing with them or not. Renies company doesn't seem to be attractive to Supplier B and so humble themselves and ready to always abide by supplier Bs conditions.Supplier Bs items to Renies company are strategic. 

QUESTIONS:$\mathrm{}$

$1)$ Using the Kraljics matrix and supplier preferences matrix plot supplier A B and C$\mathrm{.}\mathrm{}$

$2)$ What risk will each supplier pose to Renies Company, and how should Renies Company deal with these risks$\mathrm{.}\mathrm{}$

$3)$ As a manager what will you do differently to improve supplier Relationship Management with Supplier B$.$ 

Answer rating: 100% (QA)

Here are the detailed responses to your questions 1 For plotting a Kraljics Matrix its important to understand that this matrix classifies the items n... View the full answer