{"id":2407,"date":"2021-04-30T13:25:00","date_gmt":"2021-04-30T17:25:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2007\/11\/22\/benefits-of-single-sourcing\/"},"modified":"2023-11-30T11:08:45","modified_gmt":"2023-11-30T15:08:45","slug":"benefits-of-single-sourcing","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/","title":{"rendered":"Benefits of Single Sourcing"},"content":{"rendered":"

In our online class \u201cMastering Procurement Tactics<\/a>\u201d, you\u2019ll get more than just an introduction to purchasing\u2014you will become an expert at flawlessly executing and managing purchases. Today, a student asked for more reasons why an organization may consider single-sourcing beyond what is already covered in the class and\/or in a more summarized format. (Valium<\/a>) <\/p>\n

Here are the summarized top reasons for single sourcing that I shared with him:<\/p>\n

1. Lower pricing due to consolidation of all requirements with one supplier<\/p>\n

2. More consistent quality<\/p>\n

3. Lower purchasing workload due to communication with fewer suppliers<\/p>\n

4. Easier to manage supplier performance<\/a> because you are tracking fewer suppliers<\/p>\n

5. Easier to track down the source of problems as well as affected products in the event of a quality investigation\/recall<\/p>\n

I hope this helps you, too.<\/p>\n

But you should know that there are also downsides to single sourcing. I recommend that you also read our article \u201cDual Source vs. Single Source<\/a>.\u201d<\/p>\n

Now I gotta go cook a Thanksgiving meal for the first time\u2026<\/p>\n

NLPA Learning<\/b><\/a><\/span>:<\/b> Looking for authoritative procurement templates, tools, webinars, and more? Stop trying to create resources from scratch and start taking advantage of having exactly what you need right at your fingertips in NLPA Learning<\/span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In our online class \u201cMastering Procurement Tactics\u201d, you\u2019ll get more […]<\/p>\n","protected":false},"author":12,"featured_media":4130,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\nBenefits of Single Sourcing - NLPA<\/title>\n<meta name=\"description\" content=\"Why an organization may consider single sourcing beyond what is already covered in the class and\/or in a more summarized format?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of Single Sourcing\" \/>\n<meta property=\"og:description\" content=\"Why an organization may consider single sourcing beyond what is already covered in the class and\/or in a more summarized format?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T17:25:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-30T15:08:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/11\/nlpa-images-140.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Benefits of Single Sourcing\",\"datePublished\":\"2021-04-30T17:25:00+00:00\",\"dateModified\":\"2023-11-30T15:08:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/benefits-of-single-sourcing\/\",\"name\":\"Benefits of Single Sourcing - 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