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Does Having Multiple Suppliers Cost More?

November 24, 2022November 12, 2024

Suppliers offer lower Price Per Unit (PPU) for the increments or multiples of the Minimum Order Quantity (MOQ). They provide a price advantage for high volume orders due to the cost efficiency of manufacturing large quantity batches at once. However, switching between smaller quantities of… Read More »Does Having Multiple Suppliers Cost More?

The Supplier Diversification Dilemma

November 22, 2022November 12, 2024

In light of the recent pandemic, supply chain disruptions highlighted the risks of relying solely on a single supplier. Lockdowns in major manufacturing hubs like China halted global supply chains, leaving businesses worldwide dealing with shortages and outages. This crisis underlined the vulnerability of businesses… Read More »The Supplier Diversification Dilemma

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