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Sourcing strategy template

A plan for where and how to source a product, comparing options on landed cost and risk.

A sourcing strategy sets out where and how you will buy a product or component: which countries, how many suppliers, and what you need from them on cost, quality and lead time. It turns a vague wish to pay less into a plan.

This template guides you through requirements, country and supplier options, landed cost comparison and risks, ending with a sourcing plan you can act on.

Free to download. Available as Word and PDF.

What's included

  • Product requirements and volumes
  • Current supply position
  • Country and region options
  • Landed cost comparison table
  • Single, dual or multiple supplier decision
  • Risk and mitigation section
  • Sourcing plan and timeline

How to use this template

  1. Write down the product requirements, volumes and quality standards.
  2. Record your current supplier, price and performance.
  3. List realistic country and supplier options.
  4. Compare options on landed cost, lead time and risk.
  5. Choose an approach and set out the steps, owners and dates.

Frequently asked questions

The full cost of getting a product to your door, including the product price, freight, insurance, duty and other charges. Our landed cost calculator works it out.

One supplier can give better prices; two or more reduce the risk of disruption. Many businesses dual source critical items.

Compare landed cost, lead time, quality capability, trade terms and risk, not just the factory price.

Need help putting this into practice?

Every engagement is managed by our founder, starting with objectives agreed with you. Book an introductory call to see how our product sourcing work could help.

Product sourcingBook an introductory call

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Last updated 22 October 2026