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.