The tool within the “Assessing Opportunities” step of the Strategic Sourcing Process that graphically orders categories of numerical data in descending order so that the most important categories are easily recognized is called a: A.Assessment Table B.Procurement Graph C.Numerical Summary Graph D.Purchasing Chart E.Pareto chart

• Pareto chart

Explanation:

This is called a Pareto chart which is kind of a bar graph, with bar length representing frequency or cost arranged from longest bar to the shortest one. This analysis is used when analyzing data about frequency of causes in a process, communicating with others about the data, analyzing broad causes among other circumstances. There are several benefits of using this analysis by a firm, including the major one that it helps segregate and clearly identify problems and their causes.