An organization that decides to buy all of a certain part from the same company is using
A) single-supplier purchasing.
B) multiple sourcing.
C) same vendor analysis.
D) straight rebuy.
E) sole sourcing.

Question

Quizplus · Accepted Answer

Sole sourcing is when an organization decides to buy all of a certain part from the same company. This allows for a close relationship between the buyer and the seller, and can lead to more efficient and effective communication and problem-solving. However, it also carries some risks, such as dependence on a single supplier and potential reduction in competition.

An Organization That Decides to Buy All of a Certain