Question: The purchasing manager has provided the following information for your use: Spend Category Amount Thousands US$ Number of Suppliers Production Machinery 170 2 Maintenance 20
The purchasing manager has provided the following information for your use:
Spend Category
Amount Thousands US$
Number of Suppliers
Production Machinery
170
2
Maintenance
20
10
Hardware
3
10
Sheet Metal
23
7
Electronic Components
288
5
- Assuming that the amounts shown represent the total annual spend(Amount/Total Amount)calculate the percent of spend for each category.
- Classify each spend category as either low or high complexity and summarize your reasoning.
- 2x2 Risk/Value matrix showing each of the five spend categoriesplaced in either "High" or "Low" Risk group.
- Explain why you placed each item in the selected category.
Submit your assignment as an MS Word document.
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