(a) The centralized store system - products required by a firm are ordered in large quantities and placed in an inventory system for withdrawal when need arises in that economic order quantity may be used where items' usage is relatively stable.
(b) Blanket order system -includes a description of items, unit price contract provisions however quantity is not noted save for the usage period of the materials usually 1-3 years and states that all requirements are to be delivered upon a receipt order from the buyer or other authorized buyers.
kevinnyabute answered the question on February 26, 2018 at 09:27
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