Question no : 525 MM Purchasing Scenarios

TERP10 Unit 3 Procurement Cycle 

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The vendor makes material available, which you then manage it in quantities. A liability only arises when material is withdrawn into own stocks or issued for consumption. What scenario was described above ? 

(Select ONE best answer)

A)   Subcontracting. 

B)   Blanket order. 

C)   Third party. 

D)   Consignment. 

E)    Returnable transport packaging. 

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