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

Related MCQs

• ………….. is a set of approaches utilized to efficiently intergrate suppliers ,manufacturers,warehouses,and stores,so that merchandise is produced and distributed,at the right quantities,to the right location ,and at the right time,in order to minimize system wide costs while satisfying service level requirements.
• The six Rs abourt operational objective of logistic management includes Right response,Right quality,Right quantity,Right value,Right cost trade- offs,and………..
• A recent consumer survey conducted for a car dealership indicates that, when buying a car, customers are primarily concerned with the salesperson's ability to explain the car's features, the salesperson's friendliness, and the dealer's honesty. The dealership should be especially concerned with which dimensions of service quality?
• ………is a information system to harmoniously control the production quantities in every process .It is a tool to achieve just –in – time production.
• In supply chain process………….is defined as “the act of buying all those activities necessary to acquire goods and services consistent with user requirements.
• Marketing logistics involves getting the right product to the right customer in the right place at the right time. Which one of the following is not included in this process?
• Buying according to the requirements is called …………
• Apart from economic and non-economic benefits ,…………is the main artery of logistics and supply chain management for the movement of goods.
• The determination of transport rate and price are normally based on economic ,shipper and carrier factor, followed by alternative…………..
• A quality circle holds a brainstorming session and attempts to identify the factors responsible for flaws in a product. Which tool do you suggest they use to organize their findings?