COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Managing purchases may include ____
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Timing your purchases so that your money/ resources are not tied up longer than they need to be.
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Taking advantages of economic conditions
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Stocking up when necessary
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All of the above
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Explanation:
Detailed explanation-1: -Purchase management is the process of procuring items from external suppliers. It’s the management of purchasing, receiving, reviewing and approving purchase orders. Purchase management also includes managing the relationship with the supplier.
There is 1 question to complete.