pool of suppliers

USAGE SUMMARY

"pool of suppliers" is correct and usable in written English.
You can use it when referring to a specific group of several suppliers who offer similar types of products or services. For example, "This company only draws from a small pool of suppliers for their raw materials."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

One problem with bartering is that it limits the pool of suppliers.

The New York Times

It's consumer pressure, which led to some supermarkets introducing a fixed pool of suppliers who were paid over the odds, that's driven change.

The Guardian - Opinion

These involve both widening the potential pool of suppliers for any given contract, and deepening the relationship with the supplier that eventually wins it.The obvious way to widen the pool of suppliers is to participate in an online auction of some kind.

The Economist

Smaller joints (90 seats or less), on the other hand, might be better off sticking with a smaller, regular pool of suppliers.

Forbes

Private companies, government agencies and industry organisations can support programmes that improve farmer management capability as this will improve the performance of these supply chains as well provide a greater pool of suppliers capable of delivering to these more demanding specifications.

Agricultural and Food Economics

In the short term, further reductions of the 'access price' should be negotiated with Gilead, while in the longer term the pool of suppliers to national VL control programs should be expanded.

Expert Opinion on Emerging Drugs

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

Hence, the selection of most suitable supplier from the pool of available suppliers is emerged as an important multi attribute (multi objective, multi criteria, multi factor) decision making (MADM) problem.

Computers & Industrial Engineering

Given a pool of potential suppliers, a decision has to be made about which supplier(s) to use, and how much and how often to purchase from each selected supplier.

Computers & Operations Research

This narrowed the pool of potential suppliers and possibly reduced value for money, said Evans.

The Guardian

Specifically, we consider a supply chain consisting of one brand name company, one contract manufacturer and a pool of material suppliers, each associated with a distinct quality level.

European Journal of Operational Research

This requires a plan to expand the pool of LAMB suppliers, which involves the WHO, governments of endemic countries and donors.

Expert Opinion on Emerging Drugs

Expert writing Tips

Best practice

Diversifying your "pool of suppliers" can mitigate risks associated with supply chain disruptions, such as natural disasters or geopolitical events.

Common error

Avoid using "pool of suppliers" when you actually mean a single or exclusive supplier. "Pool" implies multiple options, whereas relying on a sole supplier creates a different risk profile.

Linguistic Context

The phrase "pool of suppliers" functions as a noun phrase, specifically an objective noun phrase, often acting as the object of a verb or preposition. Ludwig AI confirms its grammatical correctness and usability. Examples show it referring to the set of available providers for goods or services.

Expression frequency: Uncommon

Frequent in

News & Media

30%

Science

30%

Formal & Business

20%

Less common in

Wiki

10%

Reference

5%

Encyclopedias

5%

Ludwig's WRAP-UP

The phrase "pool of suppliers" refers to a collection of vendors available to provide goods or services. Ludwig AI indicates that this phrase is grammatically correct and suitable for use in written English. While not extremely common, it appears in various contexts, especially News & Media, Science and Formal & Business settings. When using this phrase, be sure to convey the sense of multiple options rather than a single, exclusive provider. Diversifying your "pool of suppliers" is a sound business strategy to mitigate risk. Alternatives such as "supplier base" or "vendor network" can offer similar meanings with subtle differences in emphasis.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

supplier base

Focuses on the collective group of suppliers an organization uses, emphasizing the entire network.

roster of suppliers

Implies a formal and organized listing of available suppliers.

vendor network

Similar to "supplier base" but emphasizes a broader range of vendors, not just suppliers of physical goods.

approved supplier list

Refers to a specific, curated list of suppliers that meet certain criteria or standards.

catalog of suppliers

Suggests a detailed and organized compilation of supplier information, similar to a product catalog.

list of vendors

A more general term, implying a simple enumeration of available vendors without necessarily implying a strategic relationship.

group of providers

Broader term, applicable to service providers as well as goods suppliers.

network of providers

Focuses on the interconnectedness and collaborative relationships between different providers.

supply source

Emphasizes the origin or location from which supplies are obtained, rather than the collective aspect.

source of supply

Highlights the origin and availability of supplies, rather than the entities providing them.

FAQs

How can I effectively manage a "pool of suppliers"?

Managing a "pool of suppliers" involves implementing strategies for supplier selection, performance monitoring, risk mitigation, and relationship management. Regularly assess supplier capabilities, ensure compliance with quality standards, and foster open communication to maintain a resilient supply chain.

What are the benefits of diversifying my "pool of suppliers"?

Diversifying your "pool of suppliers" reduces dependence on any single source, mitigating risks associated with disruptions like natural disasters, economic instability, or supplier insolvency. It also promotes competition, potentially leading to better pricing, quality, and innovation.

How does a "pool of suppliers" differ from a "single-source supplier"?

A "pool of suppliers" refers to a diverse group of vendors from which a company can source goods or services, providing flexibility and redundancy. A "single-source supplier" is the exclusive or primary provider, potentially offering advantages like economies of scale but also increasing vulnerability to disruptions.

What are some strategies for expanding my "pool of suppliers"?

To expand your "pool of suppliers", consider attending industry trade shows, utilizing online sourcing platforms, networking with industry peers, and actively seeking out new vendors who meet your quality, pricing, and ethical standards. Conduct thorough due diligence to ensure new suppliers are reliable and aligned with your business goals.