Purchasing Manager how-to
How to Reduce Single-Source Risk
One supplier can shut you down.
Quick answer
One supplier can shut you down. In short: list; rate; find, then complete the remaining steps below.
Step by step
List single-sourced items.
Rate impact of failure.
Find alternates.
Qualify a second source.
Split volume.
Monitor risk.
Safety reminders for purchasing managers
- Follow ethics and anti-bribery rules
- Check supplier safety and compliance
- Protect confidential bids
- Follow public procurement law
Key terms
Strategic sourcing · RFP · RFQ · Total cost of ownership · Spend analysis · Category management: see the full purchasing manager glossary.