A newly built 1000 bedded hospital wants to purchase equipment to the Radiology and Blood bank departments. But the management of the hospital was in a dilemma whether they should buy all the necessary equipment from one supplier or they should opt multiple suppliers. Considering the above situation if you were the decision maker, what would your decision be? Explain with reference to Sourcing concept.

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Sourcing is defined as a technical activity with the purpose of identifying existing suitable produc... View the full answer