Single sourcing vs multiple sourcing pdf whether a company chooses to multi source or to single source will have an impact. When evaluating the use of global sourcing and single vendor sourcing, many procurement managers have become very concerned about their risk exposure and are seeking options to mitigate risk. Historically, single sourcing contracts were lengthy engagements, at times lasting as long as 15 years. Single sourcing different items within the same family from separate vendors is another approach to technological access risk aversion. Singlesource is a nationwide service provider to many of the largest loan origination, servicing, and secondary entities. Primary disadvantages of single sourcing include supplier control in bargaining, limited opportunities for the lowest price and limited product diversity. Benefits and risks of single sourcing scm supply chain. Single sourcing versus multiple sourcing, the rand journal. Not simple to facilitate quality assurance procedures while many suppliers exist. The term single sourcing is used to describe where an inventory item is provided by one supplier. Choosing between single and multiple sourcing based on supplier default risk. Although it is often confused with the process of converting paperbased documents into online formats, single sourcing is a writing strategy that enables technical writers to develop centralized information modules, then map them to distinct audiences and media.
Single sourcing, a powerful approach in a stable environment, can amplify a firms exposure to risk e. Unfortunately, the literature has lagged behind the. Building modular documentation by kurt ament this is one of the only books that attempts to bridge the gap between the singlesourcing theorists and the technology developers. Engpasse bei ausfall lieferanten geringere preise durch hoheres. Then there is a third option of multiple suppliers providing an inventory item. Nov 11, 2004 for many companies, sourcing decisions can be some of the most strategic in the organization. Single sourcing decisions are usually made at strategic and top management level where purchasing and supply managers need to determine whether and how much value single source relationships add leenders et al. A correct evaluation from a risk management perspective is needed. Dual sourcing as its name implies is where two suppliers provide an inventory item. Single sourcing article about single sourcing by the. Single sourcing definition gabler wirtschaftslexikon. Single sourcing and reuse in technical documentation is getting more and more widespread these days. For example, the source text could be written in a word processor and converted to a variety of different formats such as pdf, html and xml. Single sourcing also eliminates duplicate work and facilitates the reuse of existing information, which.
Key advantages of multiple sourcing when compared to single sourcing include. Singlesourcing definitions linkedin learning, formerly. Single sourcing article about single sourcing by the free. Single sourcing means you can create one source of content and either a extract subsets of the content to create different outputs for different audiences or b use chunks of the content in multiple places in multiple projects. There is a way to singlesource using ms word 2007 and later. Impact of modern economic theory on policy and empirical research. Single sourcing means you can create one source of content and either a extract subsets of the content to create different outputs for different audiences or b use chunks of the content in.
Single sourcing versus multiple sourcing single sourcing versus multiple sourcing inderst, roman 20080301 00. Higher cost when not bulk buying thorough one single supplier. How to modularize using microsoft word as a single sourcing. Rather than copying and pasting between documents, you can be more efficient since all content authors can choose the required topics from the repository and then assemble and publish the topics as needed. Singlesourcing article about singlesourcing by the. According to the hackett group s key issues study conducted in 2012, mitigating supply chain risk has been identified by 77% of supply chain executives. Less commitment through suppliers when supplier hopping is frequent. It allows one document to be used in different kinds of formats, thereby increasing the usability of the documentation. The decision to sole source an item, particularly for manufacturing has many benefits and risks to be considered. There is a way to single source using ms word 2007 and later. Note that single sourcing means writing information once and using it many times. Single sourcing definition in the cambridge english dictionary.
Sole sourcing, on the other hand, is a situation in which a company within a certain category buys, due to external circumstances, from one, monopolist supplier van. Most books on single sourcing contain advice about planning, managing, and creating modular. However, in recent years single sourced deals have shortened in duration, with most falling within a range of three to seven years for the initial term. Additionally, if the single source goes out of business, it can leave the company in a bind, especially if there are delays in lining up new suppliers. In contrast, if buyers bid, then single sourcing is chosen if it erodes the value of suppliers outside option. In a sem inal paper anton and yao 1989 have shown that sole source procurement or single sourcing is more advantageous than a split award or multiple sourcing. Multiple sourcing, however, presents higher costs due to the management of more than one supplier. The singlesourcing triangle singlesourcing solutions. Multiple sourcing vs single sourcing linkedin slideshare.
Hackos, rockley, ament are, to a significant extent, the existing authorities in theoretical single sourcing and information design. The biggest problem with the existing literature is that nearly all of it is theoretical in nature. See sourcing, lean manufacturing, approved supplier, supply base reduction. Singlesourcing is the use of a single document to produce other forms of documents, such as manuals and online help.
This paradigm shift is illustrated in the four levels of single sourcing. A practice wherein firms outsource to peoples homes instead of hiring regular personnel. What are disadvantages of using multiple sourcing strategies. Single sourcing financial definition of single sourcing. Sole sourcing definition single sourcing refers to a situation in which a company within a certain category with clear intent buys from just one supplier. Multichannel publishing can either be seen as synonymous with singlesource publishing, or similar in that there is one source document but the process itself results in more than a mere reproduction of that source. The 5 principles of single sourcing in technical documentation. Describe multi sourcing and single sourcing models. It does not mean writing it and then copying and pasting it into another source, or. Multiple sourcing in single and multiechelon inventory systems. Whether single or multiple sourcing reduces the risk, is disputed. Pdf choosing between single and multiple sourcing based. Single versus multiple supplier sourcing strategies. Sole sourcing in purchasing sole sourcing take place when only one supplier for the required item is available, whereas with single sourcing a particular supplier is purposefully chosen by the buying organisation, even when other suppliers are available larson and kulchitsky, 1998.
Single versus multiple supplier sourcing strategies gerard j. Single sourcing versus multiple sourcing request pdf. Single sourcing is also known as single source publishing because it uses a sole resource for using and reusing information. Pdf choosing between single and multiple sourcing based on. For technical writers, single sourcing means modular writing and information mapping. Presented by shefali srivastav, samarth gulati of fmg18a, fore school of management slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Successful single sourcing allows you to create and maintain one single set of information and yet produce a range of different outputs. When you use single sourcing, all topics can be assembled and published by using the files topics in a single repository. Benefits sole sourcing provides multiple benefits for an organization. Multi sourcing versus single sourcing multi sourcing versus single sourcing in the 2. It is often opted for with the purpose of reducing material costs.
Folks starting single sourcing projects are faced with insufficient resources. Pros and cons of dual sourcing in procurement supplychain. Apr 24, 2011 approach and implementation of single sourcing group 6. Introduction over the last two decades, a growing literature in economics has emerged that studies, both theoretically and empirically, optimal procurement practices. In practice, it most often refers to a framemaker file set with conditional text which, when the conditions are set appropriately, allows you to create variants of the original document e. Assuming approaches to supply side risk may take the form of sourcing from a single supplier, source, or geopolitical area, often employed to obtain lower supply costs inderst 2008. This enables the firm to cut costs as homesourced workers are hired as independent contractors and not as regular employees. The first definition, creating multiple outputs from one source, is supported by a flare feature called conditionality. Singlesource publishing is most often understood as the creation of one source document in an authoring tool and converting that document into different file formats or human languages or both multiple times with minimal effort.
Hackos, rockley, ament are, to a significant extent, the existing authorities in theoretical singlesourcing and information design. Single source publishing, also known as single sourcing publishing, is a content management method which allows the same source content to be used across different forms of media and more than one time. A real options approach article pdf available in journal of purchasing and supply management 161. Mar 26, 2010 it is on multiple sourcing vs single sourcing. Kurzfristige preiszugestandnisse wurden langfristigen vorteilen einer lieferantenentwicklung vorgezogen. Singlesourcing also eliminates duplicate work and facilitates the reuse of existing information, which.
Multiple sourcing in single and multiechelon inventory. The process of producing multiple outputs from one single source of information. Practice of using one supply source without a competitive bidding process for a justifiable reason. I needed to modularize documents chunks, assemble modules in varying orders across multiple documents. This section describes the different characteristics of single sourcing and multi sourcing. Quality category this is the area that many managers recognize as the prime reason for moving toward single sourcing.
However the risk analysis of both these approaches follows stereotypes. Single sourcing definition in the cambridge english. Resources for singlesourcing projects singlesourcing. Its also a broad and complex area that is difficult to do justice. In publishing single sourcing is defined as the usage of one solitary document to create several other documents. Single sourcing the customer chooses a single supplier to provide the entire set of services that it wishes to outsource, and relies on that supplier to carry responsibility for the outsourced services throughout the. Single sourcing is more than mechanical document conversion.
It can make working with complex documentation much more efficient. Microsoft word as more and more software projects become webfriendly and the number of document delivery formats increases, the ability to generate multiple versions of documentation in. Apr 29, 2008 resources for anyone getting started with a new single sourcing project. Valuations, title and settlement, document management, property preservation and. What it is what it is not focused on the total cost of ownership tco incorporating. Our wide range of product and service offerings can be summarized by 5 main lines of business. Jan, 2016 single sourcing and reuse in technical documentation is getting more and more widespread these days. How to modularize using microsoft word as a single. Single and multiple sourcing are the more frequently discussed approaches in supply risk management khan et al. Tutorial summary addresses the changing face of technology. The first definition, creating multiple outputs from one source, is supported by a robohelp feature called conditionality.