Indirect materials in one industry are purchased as-needed using a practice called ________.
A)Private exchanges
B)Horizontal exchanges
C)Spot sourcing
D)Vertical exchanges

Question

Quizplus · Accepted Answer

Spot sourcing involves purchasing materials on an as-needed basis, without a long-term contract or agreement. This is a common practice for indirect materials in many industries, as it allows for flexibility and cost savings. Private and vertical exchanges typically involve more long-term relationships and agreements, while horizontal exchanges are more focused on industry-wide collaboration and sharing of resources.

Indirect Materials in One Industry Are Purchased As-Needed Using a Practice