Improving the efficiency and effectiveness of the process for small value orders can be achieved through:
A)vendor/supplier managed inventory systems.
B)the use of purchasing cards.
C)eliminating all small value orders completely.
D)vendor/supplier managed inventory systems and the use of purchasing cards.
E)vendor/supplier managed inventory systems,the use of purchasing cards,and eliminating all small value orders completely.

Question

Quizplus · Accepted Answer

Vendor/supplier managed inventory systems and the use of purchasing cards both help to streamline the process for small value orders. Vendor/supplier managed inventory systems allow the supplier to monitor inventory levels and automatically restock when necessary, reducing the need for small orders from the buyer. Purchasing cards also simplify the process by allowing employees to make small purchases directly from suppliers, without going through the formal requisition process. Eliminating all small value orders completely (option C) is not a practical solution as there will always be a need for small purchases in any organization.

Improving the Efficiency and Effectiveness of the Process for Small