Purchase manager must know the exact …………………….of materials which are used in the production.

Related MCQs

• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• ……………………….guides to the purchase manager in knowing what he has to buy.
• The organisation of the purchase department depends on the…………..of the organisation and its likely quantum of purchase.
• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• After receiving the ……………………..the Purchase department starts exploring the source of materials and suppliers.
• The…………….must maintain a proper classified record of all purchases, uses and stock of materials.
• Purchase of material a substantial of the company’s finance is committed which affects ………position of the company.
• The Purchase…………….is a contractual document which authorizes the supplier to supply the material.
• The stock level at which the storekeeper initiates purchase requisitions is known as………….
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.