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
D. both a and b
Answer: Option C
Solution (By Examveda Team)
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.
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