halfsourcing
Half-sourcing is a term used to describe a situation in sourcing where a buyer engages with only a portion of the potential suppliers for a given product or service, rather than conducting a comprehensive sourcing event that includes all or most available suppliers. This approach is often employed when a buyer has a good understanding of the market, has established relationships with certain suppliers, or needs to expedite the sourcing process.
The rationale behind half-sourcing can vary. It might be used to leverage existing supplier knowledge, reduce
However, half-sourcing carries potential risks. By not engaging with the entire supplier market, a buyer may