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Item Procurement Importance Quadrant
A strategic framework used to categorize procurement items based on their importance and impact on the company's business operations and strategies.
Low Risk
Situations or decisions that are associated with minimal potential for loss, damage, or negative outcomes.
Low Value
A term used to describe items or transactions that are of minimal worth or importance, either economically or functionally.
Generics
Non-branded products that are sold without a trademark and are equivalent in quality to branded products.
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