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In which circumstances would it be relevant to apply the Pareto principle (80/20 rule) to...

In which circumstances would it be relevant to apply the Pareto principle (80/20 rule) to supplier expenditure analysis? (Select TWO)

A.

To identify performance-related payment frequency

B.

To identify expiry dates of contracts

C.

To identify extent of cost variation in a contract

D.

To identify strategic suppliers requiring closer management

E.

To identify optimum opportunities to change supplier relationships

CIPS L4M4 Summary

  • Vendor: CIPS
  • Product: L4M4
  • Update on: Nov 11, 2025
  • Questions: 282
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