A formal request by the Head of Department or an authorised officer to the purchase manager to the purchase manager to purchase specified materials.

Related MCQs

• A request sent to the purchasing department of a need for materials is called a:
• A written request to a supplier for specified goods at an agreed price is called: -
• In this technique of selective control, materials are analysed according to their value so that costly and more valuable materials are given greater attention and care
• . This is a level at which normal issues of materials are stopped and urgent action is taken for procurement of materials
• A technique of inventory control where materials are analyzed according to their values so that costly and more valuable materials are given greater attention and care.
• Method of pricing materials issued which is based upon the assumption that materials which are purchased first are issued first.
• If re-ordering level is 450 units while consumption of materials are 25-27 units and materials are received within 4-6 weeks, the minimum level will be
• The practice of purchasing where all purchase functions is done through one department only.
• A company has the following budget for the six month: Finished product Materials Sales - 7,000 units Usage per unit - 3 kg Production units - 7200 units Opening stock - 400 kg Closing stock - 500 kg What is the material purchase budget for the month?
• Entry under Integrated System for : Credit purchase of materials for stock