The purchasing agent for an automobile manufacturer that practices just-in-time inventory routinely orders a shipment of component parts from the same supplier. What kind of a purchase would this be?

Question

Quizplus · Accepted Answer

The simplest and most common type of purchase is called a straight rebuy. This type of purchase involves routinely reordering from the same supplier a product that has been purchased in the past.

The Purchasing Agent for an Automobile Manufacturer That Practices Just-In-Time