Several considerations should apply when choosing the optimal sourcing strategy. For single-sourcing, one or few suppliers are responsible for a product that promotes high quality, reliability, and short delivery times. With multi-sourcing, a product is delivered by several independent suppliers, whereby healthy competition between suppliers leads to lower prices and supply robustness. In this case, provided to you by FREJA’s 4PL Service team, you can learn about the categorization of sourcing and the pros and cons of the two strategies. With the right strategy for the given product, the market requirements for price and service level can be met.
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