Supply chain management fosters strategic alliances along with operational efficiencies to differentiate itself from other companies.   Raw material sourcing is one of these opportunities to minimize risks, reduce operating expenses and ensure continued operations in the face of a supply chain disruption.  Single suppliers present companies a chance to reduce procurement expenses through material cost reductions and volume discounts.  However, procurement with a single provider has attached to it significant risks such as higher costs and lower profits due to supplier disruptions. Continue reading →