The purpose of a purchasing system is to:
A) avoid running out of inventory or supplies.
B) reduce inventory costs.
C) both of the above.
D) none of the above.

Question

Quizplus · Accepted Answer

The purpose of a purchasing system is to both avoid running out of inventory or supplies and reduce inventory costs. By having a system in place to manage purchasing, businesses can ensure that they have the necessary supplies and products to operate while also minimizing costs and waste by optimizing inventory levels.

The Purpose of a Purchasing System Is To