Basic objective of the effective …………………..is to ensure continuity of supply of requisite quality of material.

Related MCQs

• One of the objective of …………….is to avoid under and overstocking of material.
• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• The term……………..is defined as a system that ensures the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital.
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• The objective(s) of forward purchasing is / are
• effective purchase control fixes the responsibilities of……………….
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• Which type of warranty is enacted if a service or product does not meet the level of quality specified in the contract?