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Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663

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BuyFindarrow_forward

Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663
Chapter 20, Problem 10DQ
Textbook Problem
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Explain how long-term contractual relationships with suppliers can reduce the acquisition cost of materials.

To determine

Explain the manner in which the long-term contractual relationship with suppliers can reduce the acquisition cost of materials.

Explanation of Solution

Just-in-time (JIT) manufacturing system: Just-in-time (JIT) manufacturing system is an approach to manufacturing, that eliminates and reduces the non-value-added activities and it concentrates on both product quality and efficiency.

Explain the manner in which the long-term contractual relationship with suppliers can reduce the acqu...

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Chapter 20 Solutions

Cornerstones of Cost Management (Cornerstones Series)
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