What is Single Sourcing? Meaning.
Single Sourcing is the traditional Japanese purchasing
policy of using only one supplier to purchase certain components, products,
product groups or services.
Key advantages of Single Sourcing when compared to
Multiple Sourcing are:
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May result in high level of co-operation with the supplier (Strategic Alliance).
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Lower pricing due to consolidation of all requirements with
one supplier.
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May result in higher or more consistent quality.
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Enabler for Just-in-time.
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Frees up time to focus on buying other products or services.
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Supplier may provide a range of value added services.
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Lower administration, communication and negotiation efforts
and costs.
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Easier to track down the source of problems as well as affected
products in the event of a quality issue or product recall.
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Special Interest Group
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Single Sourcing Special Interest Group.
Special Interest Group (14 members)
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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
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