……………is the task of buying goods of right quality, in the right quantities, at the right time and at the right price.

Related MCQs

• Marketing logistics involves getting the right product to the right customer in the r ight place at the right time. Which one of the following is not included in this process?
• Buying according to the requirements is called …………
• The term used for carriage of goods when points of origin and destination are both within the sovereignty of UK is
• The number of stages that the goods and services flow through
• A encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows.
• The kind of warehouse that is licensed and authorized by the customs for storing goods till import duty is
• Which of the following is the name given to a bill of lading where goods have been received by a carrier free of defects?
• …………analysis, parameters for classification of inventory is unit price of material.
• …………is the time that elapses between issuing replenishment order and receiving the material in stores.
• Re-order level depends upon two factors, lead time and ……….