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Which one of the following is an example of a procurement?

Which one of the following is an example of a procurement?-example-1
User Bal Chua
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1 Answer

5 votes

Answer:

Using a JIT stock control system

Step-by-step explanation:

Procurement refers to the process of buying goods and services for an organization. It involves engaging many suppliers and identifying the most suitable ones. Procurement is the process of acquiring quality goods and services for a company in the most cost-efficient manner.

Just in time (JIT) is a strategy that aligns procurement with the production schedule. In the JIT strategy, materials are procured and delivered only when required for production.

User Chepe
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