Which of the following best describes stockless purchasing? a. small lots are delivered frequently b there is only one supplier for all units of a particular product c. the supplier delivers only what the customer needs d. there is minimal purchasing-oriented paperwork e the supplier maintains the inventory for the customer 27.

Which of the following best describes stockless purchasing? a. small lots are delivered frequently b there is only one supplier for all units of a particular product c. the supplier delivers only what the customer needs d. there is minimal purchasing-oriented paperwork e the supplier maintains the inventory for the customer 27.

 

Solution

The correct answer is E. i.e. it is system in which the supplier takes the responsibility and bears the cost of holding an item and then forwards