word
supplier diversification
suh-PLY-er dih-ver-sih-fih-KAY-shun
səˈplaɪər daɪˌvɜːrsɪfɪˈkeɪʃənListen
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Syllable breakdown
supplierdiversification
Dictionary meaning
strategy of sourcing the same component or material from multiple suppliers across different geographies to reduce dependence on any single source; limits exposure to supplier failures, natural disasters, geopolitical disruptions, and transportation bottlenecks
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