Just-in-time purchasing is the purchase of goods or materials such that delivery immediately precedes demand or use.

Name: Just-in-time purchasing is the purchase of goods or materials such that delivery immediately precedes demand or use.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Just-in-time purchasing is based on the principle of receiving goods or materials when they are needed, rather than stocking up inventory. This approach allows for more efficient use of resources and can reduce costs associated with carrying excess inventory.

Just-In-Time Purchasing Is the Purchase of Goods or Materials Such