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Author Question: Which of the following statements is true of just-in-time (JIT) purchasing? (Read 63 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
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APUS57

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

duy1981999

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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