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Vocabulary flashcards based on the Portfolio Analysis matrix from the lecture transcript, detailing the four categories of sourcing items.
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Portfolio Analysis
A strategic tool used in sourcing and supply chain management to categorize items based on complexity or risk impact versus value potential.
Bottleneck
A quadrant in portfolio analysis representing items with high complexity or risk impact but low value potential.
Critical
A quadrant in portfolio analysis representing items with high complexity or risk impact and high value potential.
Routine
A quadrant in portfolio analysis representing items with low complexity or risk impact and low value potential.
Leverage
A quadrant in portfolio analysis representing items with low complexity or risk impact and high value potential.
Complexity or Risk Impact
The vertical axis in the portfolio analysis matrix used to evaluate the difficulty or danger associated with a sourced item.
Value Potential
The horizontal axis in the portfolio analysis matrix used to evaluate the possible benefit or worth of a sourced item.