Multiple Choice Questions on The stores keeper should initiate a purchase requisition when stock reaches ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

The stores keeper should initiate a purchase requisition when stock reaches ........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    The stores keeper should initiate a purchase requisition when stock reaches ________.

    Average stock level

    Incorrect Answer

    Minimum stock level

    Incorrect Answer

    Maximum stock level

    Incorrect Answer

    Re-order level

    Correct Answer
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    Explanation:

    The stores keeper should initiate a purchase requisition when stock reaches Re-order level. Reorder level (or reorder point) is the inventory level at which a company would place a new order or start a new manufacturing run.

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