Multiple Sourcing

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Summary

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:

  • Low dependency of suppliers.

  • Spreading risks.

  • Encourages price competition.


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🔥 NEW Advantages Multiple Purchasing
Are there any other advantages and disadvantages of multiple sourcing? (...)
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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  |  Five Forces model  |  Strategic Alliance

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