The foremost aim of Supplier Management is to ensure delivery of the defined products and services
- at the best available price
- with the required characteristics
- at the specified time
- at the place of use
Distributing the demand of products and services across multiple suppliers does not just add safety through independent extra production sites but by extra production capacity, too.
However, Second Sourcing does not only contribute to risk reduction in the external supply chain.
In addition, the presence of more market participants often leads to an increase of
- competitiveness
- quality orientation
- cost efficiency
- operational flexibility
- acceptance of buyer’s T&Cs
- and willingness of suppliers to roll out new technologies and methods.
Do you need alternative suppliers or do you have questions about second sourcing? send an INQUIRY