Purchasing a firm's entire stock of an item from just one vendor is termed as:

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Sole sourcing refers to purchasing all of a firm's stock of an item from only one vendor. This strategy can provide advantages such as better pricing through bulk purchases and closer collaboration between the buyer and vendor. However, it also increases the risks of supply chain disruption if the vendor fails to deliver or experiences unforeseen production interruptions. Multiple sourcing, on the other hand, involves purchasing from multiple vendors, providing greater supply chain resilience at the cost of potentially higher purchasing costs. Outsourcing and inverted sourcing refer to broader strategies of using external providers for services or shifting supply chain responsibilities, respectively, and are not directly relevant to the specific question of purchasing stock from vendors.

Purchasing a Firm's Entire Stock of an Item from Just