Just-in-time purchasing requires organizations to place smaller purchase orders with their suppliers.

Name: Just-in-time purchasing requires organizations to place smaller purchase orders with their suppliers.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Just-in-time purchasing aims to minimize inventory costs and reduce waste by ordering materials or products exactly when they are needed, rather than stockpiling them. This requires placing frequent and smaller purchase orders with suppliers to ensure timely delivery and avoid excess inventory.

Just-In-Time Purchasing Requires Organizations to Place Smaller Purchase Orders with Their