Which of the following is NOT one of the six sourcing strategies?

The focus of this question is on identifying which option does not belong to the recognized six sourcing strategies commonly discussed in supply chain management. Single sourcing refers to the practice of relying on one supplier for a particular component or service, which is indeed considered a sourcing strategy.

Many suppliers is commonly used as a strategy where a company uses multiple suppliers to mitigate the risk of disruption and ensure competitive pricing and quality. On the other hand, vertical integration involves a company taking control over multiple stages of production or supply chain management. This strategy can either mean backward integration (controlling suppliers) or forward integration (controlling distribution channels).

Keiretsu networks refer to a Japanese practice where a group of companies shares resources and collaborates closely, often supporting each other financially and through supply chain partnerships. This approach also fits within the realm of sourcing strategies.

Given this context, the correct identification of which strategy is not part of the recognized six sourcing strategies is essential. The recognition that single sourcing is indeed considered a sourcing method clarifies misunderstandings around its classification. Understanding these categories is vital for a well-rounded grasp of supply chain and sourcing strategies.