The Role of the Buyer
The Purchasing Function
All About Me
The Stock Handling Process
Inventory Control
100
Buys good for business purposes, usually in much greater quantities than the average consumer.
What is an organizational buyer?
100
Customers requests for items that are not carried in the store.
What is a want slip?
100
23
What is my age?
100
A form that is used to describe the goods received by a business.
What is a receiving order?
100
The process of buying and storing products for sale while controlling cost for ordering, shipping, handling and storage.
What is inventory management?
200
The list of materials that a purchasing manager possess to know how much of each of each product they need.
What is bill of materials?
200
When companies post what they want to buy and suppliers bid for the contract.
What is reverse auction?
200
Mastiff
What is my favorite type of dog?
200
When merchandise is checked directly against the actual invoice or purchase order.
What is the direct check method?
200
An arrangement in which suppliers deliver parts and raw materials just before they are needed for production.
What is the just-in-time inventory method?
300
When buying for all branches of in a chain store done from the same location.
What is centralized buying?
300
Retailers representatives in a central market.
What is residential buying offices?
300
Golf
What is the sport I am worst at?
300
When a random check of one of carton in a shipment is done.
What is the spot check method?
300
A small portion of the inventory is physically counted each day so that the entire inventory is accounted for on a regular basis.
What is tickler control?
400
(Planned Sales + End-of-Month stock + Reductions) - Beginning-of-Month Stock
What is the formula for planned purchases?
400
When goods are paid for only after they are purchased by the final customer.
What is consignment buying?
400
Ecuador
What is my favorite place I habe traveled to?
400
The seller or manufacturer marks the price before delivering the merchandise to the retailer.
What is source marking method?
400
This refers to quantities of merchandise that a business handles during a stated period of time.
What is unit control?
500
A buyers plan that budgets planned purchases.
What is a 6 month purchasing plan?
500
When suppliers agree to take back any unsold goods by a certain preestablished date.
What is memorandum buying?
500
Badminton
What is my favorite sport?
500
When pricing information is marked in advanced on the purchase order?
What is retailing marking method?
500
This is used for best selling products that make up a large percentage of sales volume.
What is the never-out list?
M
e
n
u