Varun has recently joined as a Purchase Officer in Kings Limited. He has been
advised to place order for the raw materials from one supplier only as the company
does not prefer to deal with multiple suppliers at the same time. Identify the type
of plan being described in the above lines...
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Varun joining Kings Limited in the capacity of a Purchase Officer must have come with some past experience. The current organisation he has joined must be having a policy wherein they are operating with just 1 vendor for the raw materials. This is like the monopoly market which the supplier may have with Kings Limited. Since its the organisation policy, Varun may have a limited choice other than brainstorming to change this in the larger interest of the organisation.
Explanation:
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