The policy of the company is to receive all office supplies without any changes made from the previous order. This order is referred to as a straight rebuy.
A policy is referred to as a set of rules, principles, or frameworks that every employee is restricted to follow. These policies are designed for the growth and fulfillment of the goals of the organization.
A situation when a company purchases the same goods from the same suppliers without making any changes to the previous order. This is called straight rebuy order.
When a company is unhappy with the services of a supplier and changes the pattern of order or changes in the purchase has been made by the procurement team, then this order will be called a modified rebuy.
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