What Is Stockless Purchasing?

a practice in which the vendor retains responsibility for carrying the bulk of the inventory and supplies items to a reseller on short notice.

What is Stockless buying process?

A general practice whereby the buyer negotiates a purchasing arrangement, including price, for a group of items for a predetermined time period, and the supplier holds the inventory until the buyer places orders for specific items.

What is Stockless inventory?

Buying material, parts, supplies, and so on for direct use by the departments involved, as opposed to receiving them into stores and subsequently issuing them to the departments.