Get UK Falmouth Exeter Plus Single-Sourcing Justification/Approval Form 2017-2024

Provides necessary information to meet legal requirements in the requisition of goods or services that can be supplied by only one vendor.

Single Source Purchase Justification Past experience with a particular issue and this vendor has the historical knowledge or was the original installer. Experience with similar projects at other agencies or at other levels of government. Demonstrated expertise.

Multi-sourcing means using more than one supplier for the same or similar items, while single-sourcing means relying on only one supplier. Both strategies have their benefits and challenges, depending on your business goals, budget, quality standards, and risk tolerance.

A Sole Source justification describes the steps taken to determine that the chosen supplier is the only source available for your product/service.

Sole source means the individual is unable to handle (swallow or absorb) any other form of nutrition. Primary source means the nutritional supplements are medically indicated for the treatment of the recipient's condition, if the recipient is unable to tolerate nutrients.

Single: One among others. Sole: One and only.

In single sourcing, businesses have the option to choose from multiple suppliers while in sole sourcing there is one monopolistic supplier. It is the decision of businesses and their procurement teams to pick the appropriate sourcing strategy based on their needs and circumstances.

Single sourcing is where a particular supplier is chosen by an organisation, even when other suppliers are available. Sole sourcing is where there is only one supplier available for the required product or service that your organisation needs. It's also sometimes referred to as monopolistic supplier.