Multi-supplier inventory system is an inventory management approach where a business sources the same product or material from multiple suppliers rather than relying on a single vendor. This strategy enhances supply chain resilience by reducing the risk of stockouts if one supplier faces delays or disruptions. It also allows companies to negotiate better prices, ensure competitive quality, and maintain flexibility in procurement. However, managing a multi-supplier inventory requires careful coordination, accurate demand forecasting, and efficient logistics to avoid overstocking or inconsistencies in product quality. Overall, this approach helps businesses maintain continuous operations and respond more effectively to market fluctuations.
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