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System of procuring goods when required, is known as?

<p>a- Free on Board (FOB)</p> <p>b- always Butter Control (ABC)</p> <p>c- Jest in Time (JIT)</p> <p>d- Economic Order Quantity</p> <p> </p>

Accounting Cost Accounting Financial Accounting Financials managerial accounting
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Question added by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
Date Posted: 2014/12/10
Upvote (3) Views (42) Followers (34) Answers (34) Report Question
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Nissam Khalid
by Nissam Khalid , Finance Manager , Saudi Specialized Pipes

C-Just in Time (JIT) -  It will help to reduce inventoy cost and also there is no wastage hence material are procured as when it is needed.

 

Kamran Anjum
by Kamran Anjum , Head of Internal Audit , Rafhan Maize Products Company limited, Faisalabad, Pakistan, Ingredion Incorporated Gmbh

Option C) JIT (Just in Time)

mohamed Hakim CMA CPA Candidate
by mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Answer C 

Just in time 

Lesley Lanag CMA CPA
by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

C. Just in time

AHSAN AKHLAQ
by AHSAN AKHLAQ , accounts manager , sapphire plastic pvt ltd

C

Altaf Bhoon ACA
by Altaf Bhoon ACA , Assistant Finance Manager , Atlantic Maritime Group FZE

Option C , Just in time (JIT)

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

The correct answer is (C) Just in time

daoud ismail
by daoud ismail , CPA audit superintendent , EPCCO

PROCURING WHEN REQUIRED IS KNOWN AS JUST IN TIME PURCHASING SYSTEM .THERE IS SPELLING MISKAE IN THE QUESTION  (JEST, INSTEAD OF JUST .

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Option C

Safeer Koyithan Kandy
by Safeer Koyithan Kandy , General Accountant , Hala Trading

C

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

C. JUST -IN-TIME

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