Multiple Sourcing

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Description of Multiple Sourcing. Explanation.

Definition Multiple Sourcing. Description.

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.

Multiple Sourcing Forum   Advantages Multiple Purchasing Are there any other advantages and disadvantages of multiple sourcing?...         Begin a new topic

Multiple Sourcing Special Interest Group Special Interest Group

Best Practices - Multiple Sourcing Premium

Expert Tips - Multiple Sourcing Premium

Resources - Multiple Sourcing Premium   News Multiple Sourcing         Videos Multiple Sourcing         Presentations Multiple Sourcing         More Multiple Sourcing

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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This ends our Multiple Sourcing summary and forum.