Just-in-time purchasing requires:A) larger & less frequent purchase orders. B) smaller & less frequent purchase orders. C) smaller & more frequent purchase orders. D) larger & more frequent purchase orders.

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Business

Genevieve Haynes

10 December, 22:49

Just-in-time purchasing requires:A) larger & less frequent purchase orders. B) smaller & less frequent purchase orders. C) smaller & more frequent purchase orders. D) larger & more frequent purchase orders.

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Answers (1)

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Compton · Answer 1

Option C)

Explanation:

Just in Time purchasing abbreviated as JIT is a cost accounting and inventory management system where the products are purchased with the goal that they're conveyed similarly as they're expected to satisfy client need.

With JIT, products are purchased after receiving the orders from the client. The minimum number of things are bought in order to satisfy client need.

JIT purchasing commonly brings about increasingly littler requests and continuous conveyances.