How much of your mission critical procurement spending is single-sourced?
Is your exposure to risk greater because there is no viable second source of supply?
Viable second sources of supply allow:
- Improved defence against price increases.
- Reduced inventory to avoid product outages.
- Tighter Quality Control. Are you required to accept broader than preferred specifications on single-sourced materials?
Approving alternative raw materials is essential to mitigate risk but can be a time consuming project. TSW can narrow your search discretely with our procurement intel tools.