Multiple sourcing is the business practice of obtaining outside vendors to provide goods or services that could otherwise be supplied in-house.

Name: Multiple sourcing is the business practice of obtaining outside vendors to provide goods or services that could otherwise be supplied in-house.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Multiple sourcing refers to the practice of using multiple suppliers for the same goods or services to reduce risk and increase competition, not necessarily outsourcing what could be done in-house.

Multiple Sourcing Is the Business Practice of Obtaining Outside Vendors