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Author Question: Which of the following statements is true of just-in-time (JIT) purchasing? (Read 52 times)

APUS57

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on: Mar 6, 2021

Question 1

Which of the following is not a reason why a company would adopt JIT purchasing practices?
◦ high shrinkage costs
◦ low ordering costs
◦ low carrying costs of inventory
◦ reliable supply chains

Question 2

Which of the following statements is true of just-in-time (JIT) purchasing?
◦ In JIT purchasing, the optimal safety-stock level is the quantity of safety stock that minimizes the sum of annual relevant stockout and carrying costs.
◦ JIT purchasing is guided solely by the EOQ model because that model emphasizes the tradeoff between relevant carrying and ordering costs.
◦ In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales.
◦ Only disadvantage of JIT purchasing is the higher level carrying and inspection costs.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by APUS57 on Mar 6, 2021

heinisk01

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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APUS57

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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