Inventory Management MCQs

Which one of the following is the correct sequence of the purchase procedure of inventory?

April 27, 2022

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Which one of the following is the correct sequence of the purchase procedure of inventory?

Q. Which one of the following is the correct sequence of the purchase procedure of inventory?

A. Indenting for material, issuing tenders, receiving quotations, and placing order

B. Issuing tenders and receiving quotations, indenting for material, and placing order

C. Placing order, issuing tenders and receiving quotations, and indenting for material

D. Indenting for material and placing order

Answer: Indenting for material, issuing tenders, receiving quotations, and placing order

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Which one of the following is the correct sequence of the purchase procedure of inventory?

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A firm requires 12,800 units of a certain component which it buys @ Rs. 60 each. The cost of placing an order and following it up is Rs. 150 and annual storage charges work out to 10% of the cost of items. The number of units to be ordered to get maximum benefit to the firm are

Which one of the following is the correct sequence of the purchase procedure of inventory?

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