Should You A Single Source Or Multiple Sources?

The importance of single or multiple sourcing must have been faced by many companies. The core of strategic sourcing is to establish long-term opportunities with suppliers, so as to ensure that future procurement needs can be determined in advance. Therefore, the key issue in formulating supply chain strategies is Choosing a single source or multiple sources to buy, both methods have their own advantages and disadvantages, so finding the sweet spot between the two issues is an important factor affecting the success of your business.

This article will discuss in detail the pros and cons of single sourcing and multiple sourcing, giving you some slight help in both. Read more about the single source and multiple sources in detail.