Dual Sourcing

Dual sourcing is a risk mitigation strategy where a buyer qualifies and maintains at least two independent suppliers for each critical component or material. This protects against single-source dependency and ensures continuity of supply if one supplier faces disruptions.

Dual sourcing provides negotiating leverage, competitive pricing pressure, and supply chain resilience. However, it requires managing multiple supplier relationships and may involve higher qualification costs. For companies sourcing through Speya (formerly Find My Factory), implementing a dual sourcing strategy is recommended for mission-critical components and high-volume production needs.