The Multi-Sourcing Strategy: Leveraging Multiple Suppliers for Optimal Performance

By:  John Collins
Topics:  Multi-sourcing, Outsourcing
Date:  Winter 2014
Publication: TayganPoint Consulting Group Newsletter

Multi-tool, multi-channel, multi-use, multi-service, multi-task.  In our lightning-fast , high-demand society, nothing is content to serve a singular purpose anymore. That brings us to yet another “multi” to mull over – Multi-Sourcing.  This has become the latest trend in the procurement space – maximizing the strategic benefits of outsourcing by assigning business functions to the best possible provider, while also driving lower costs through competition.   Multi-Sourcing is also a way of reducing the inherent risks and lack of flexibility that is often associated with being locked in to a single vendor.

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