3. Peter Kraljic - McKinsey Expert

Peter Kraljic is a notable figure from McKinsey & Company, known for creating the Kraljic Portfolio Purchasing Model in the 1980s. This model helps companies categorize their suppliers and products based on risk and importance. By distinguishing between routine, leverage, bottleneck, and strategic items, businesses can develop tailored strategies for managing their procurement processes. This approach enables organizations to optimize their supply chains, reduce costs, and strengthen supplier relationships, ultimately enhancing overall competitiveness and efficiency. His work has influenced procurement practices in many industries around the world.