What is Multiple Sourcing? Meaning.
Multiple Sourcing is the purchasing policy of using
two or more or even many suppliers to purchase certain components, products,
product groups or services.
Key advantages of Multiple Sourcing when compared to
Single Sourcing include:
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Compare with: Kraljic
Model | Just-in-time
| Co-Creation
| Outsourcing |
3rd Party Logistics (3PL)
| Vendor Managed Inventory
| Value Chain |
Vertical Integration
| Value Stream Mapping
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Five Forces model | Strategic Alliance
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