When goods and/or materials are purchased in such a manner as to immediately precede demand or use, it is specifically called
A)inventory purchasing.
B)just-in-time purchasing.
C)materials purchasing.
D)stock purchasing.
E)safety purchasing.

Question

Quizplus · Accepted Answer

Just-in-time purchasing is a method of purchasing where goods and/or materials are purchased in such a way that they immediately precede demand or use. This method is intended to minimize inventory holding costs and reduce waste. The other options (inventory purchasing, materials purchasing, stock purchasing, and safety purchasing) may involve purchasing and holding inventory for longer periods of time, which can increase costs and lead to inventory waste.

When Goods And/or Materials Are Purchased in Such a Manner