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Explain the following term - payable outsourcing

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Reference no: EM133172351

Question -

1) How and why "EOQ and JIT" some companies may choose to have a high level of inventory while other companies in the same industry may choose to have a low level of inventory. What factors need to be considered while determining a policy on the level of inventory "EOQ and JIT"? Provide a hypothetical example of inventory optimization.

2) Explain the following terms, payable outsourcing, electronic disbursements, freight bills, and comprehensive payable concept. Include examples for better clarity. Provide information about some payable management companies that can be outsourced. Provide in-text citations and explain in detail.

Reference no: EM133172351

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