How to overcome the challenges of multi-sourcing
Why should sourcing professionals embrace multi-sourcing approaches? There are several key reasons, including exerting competitive pressure over suppliers, gaining access to specialised skills, and compelling better performance from providers. Of course, using multiple providers is nothing new, but taking a systematic approach to multi-sourcing governance is. However, before embarking down this road, there are several factors sourcing professionals need to consider, which when combined, present challenges in achieving multi-sourcing success: