Question: Study Questions: 3. What is the underlying rationale that explains why firms should segment their purchase requirements? Explain the concept of procurement strategy portfolio. 4.

Study Questions:

3. What is the underlying rationale that explains why firms should segment their purchase requirements? Explain the concept of procurement strategy portfolio.

4. Explain how logistics performance is crucial to JIT.

Challenge Questions:

1. In the text, Tyco's procurement of logistics services was discussed. Why is Tyco's approach considered innovative?

2. What problems might Tyco confront in attempting to implement this strategy?

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