What is a "Non-Stock" order in GFEBS?

Master the GFEBS Order Management and Execution Test. Utilize flashcards and multiple-choice questions with hints and explanations to prepare thoroughly. Excel in your exam!

A "Non-Stock" order in GFEBS refers to an order placed for goods or services that are not kept in inventory. This type of order is utilized when an organization requires items that are not typically stored or readily available in their stock. Instead of getting items from inventory, a non-stock order usually involves sourcing goods or services directly from a vendor or supplier on an as-needed basis.

This method allows organizations to procure items that may be specific, specialized, or not frequently needed, enabling them to effectively manage their inventory levels and reduce carrying costs. Non-stock orders are essential for operational flexibility, ensuring that the organization can still obtain necessary goods and services without maintaining a large inventory.

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