When considering doing business with a new supplier, a procurement analyst's familiarity with their own company's Kraljic supply model can be most useful how? The model is of little value when considering doing business with new suppliers. The model can help identify "low hanging fruit" for pursuing immediate cost savings opportunities. The model offers insight into a supplier's past performance and reliability with other customers. The model provides insight into potential Level 1 strategic criteria that could elevate the importance of the supplier selection