Just-in-time purchasing describes the flow of goods,services,and information from the initial sources of materials and services to the delivery of products to consumers,regardless of whether those activities occur in the same organisation or in other organisations.

Question

Quizplus · Accepted Answer

Just-in-time purchasing focuses specifically on minimizing inventory and reducing costs by purchasing goods and services exactly when they are needed in the production process, rather than describing the entire flow of goods, services, and information from initial sources to product delivery to consumers.

Just-In-Time Purchasing Describes the Flow of Goods,services,and Information from the Initial