What is the best sourcing strategy to choose?

Choosing which strategy would be the best for you depends upon your business. Few suppliers is an excellent strategy if you are looking for a cost advantage. With many suppliers, the risk would be less. Vertical integration allows cost minimization and timely delivery. Joint ventures assist in secured supply and cooperation. With virtual companies, capital investment will be less along with speed and flexibility. Keiretsu network allows you to form a relationship and get technical expertise.

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