If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?
Logistics Viewpoints
APRIL 27, 2020
Because of the pandemic, risk management surrounding sourcing has become top of mind. One best practice in this area is to identify and qualify alternate suppliers. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. This best practice urges companies to examine not just the cost of the sourced products, but also to understand the risks associated with not multi-sourcing key components.
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