Knowledge Study

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Knowledge Element: Preferred suppliers

Definition of Knowledge Element:

Know who are the companys preferred suppliers and how preferred suppliers are chosen.

A very brief summary of the Knowledge:

Non provided.

A summary of expert opinion:

The knowledge named 'Preferred suppliers' is considered to be very important.
In addition, the knowledge is thought to be slightly difficult to replace, it is mostly learned by study, and Between 7% and 30% of Group are Experts.
It is also highly specific to one knowledge area, and quite stable knowledge.
See Parameter table below for more detail.

Risk:

This knowledge element has a risk value of 5.47, whilst the average risk for the whole knowledge structure is 4.862. Consult the RISK page for more details.

Knowledge linked by learning dependency:

Postrequisite knowledge implies that Preferred suppliers must be understood before for a person can gain a full understanding of the knowledge listed in the top row of the Linked Knowledge table.

Preferred suppliers has no prerequisite knowledge items and is therefore known as a leaf node. A leaf node is knowledge that has not been investigated further when the map was constructed.

Parameters assigned for Preferred suppliers.

Parameter Details for: Preferred suppliers
Identifier Name Value Clarifier Weight Study Mean
P1
Importance
8.0
very important
1.0
6.34
P2
Recovery
1.0
slightly difficult to replace
1.0
3.38
P3
Study-Exp
1.0
mostly learned by study
1.0
3.46
P4
Known By
2.0
Between 7% and 30% of Group are Experts
-1.0
2.80
P6
Specialised
9.0
highly specific to one knowledge area
1.0
5.05
P7
Stability
4.0
quite stable knowledge
-0.7
6.41

People Involved with Preferred suppliers:

PersonExpertCapableResponsible
E N Roberts
Yes
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Computed Similarity

The most similar node to Preferred suppliers is Pricing structures.

The most dissimilar node to Preferred suppliers is Communicate with customers.

Computer generated Options for Action:

Options for Action are computer generated ideas for the development of a particular knowledge area that an analyst or manager may wish to consider. The options generated for Preferred suppliers are listed below.

Option Class is :- Preserving Knowledge
This option is :- The formal learning, documentation and integration of lessons during and on completion of work
This briefly involves :- Conduct a session to carry out a formal review of issues concerning the knowledge in question. The knowledge may be applied in several projects and lessons may be learned from any of them so the people invited to the review may have diverse backgrounds. Use the formal lessons learned approach but concentrate on the knowledge item rather than on a specific project.