……………………….guides to the purchase manager in knowing what he has to buy.

Related MCQs

• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• Purchase manager must know the exact …………………….of materials which are used in the production.
• 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 ……………….
• Purchase Budget has an impact on
• Which is not a consideration in a make or buy decision?
• ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.
• ……………………is the head of the purchase department.
• Purchase of material a substantial of the company’s finance is committed which affects ………position of the company.
• Purchase of right quantity of material avoids locking up of …………….