Q362
Buying of goods or materials for production in a way that they are delivered directly on manufacturing facility of company is called
A.
economic order quantity purchasing
B.
annual purchasing
C.
just in time purchasing
AnswerD.
both a and b
Answer: Option C
Solution
Answer: Option C
Solution:
Buying of goods or materials for production in a way that they are delivered directly on manufacturing facility of company is called just in time purchasing. Just-in-time purchasing (JIT purchasing) is a cost accounting purchasing strategy. You purchase goods so that they're delivered just as they're needed to meet customer demand.