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Single SourcingKnowledge Center |
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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:
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 |
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