Asked by Jordan Parker on Jul 22, 2024

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Characteristics of JIT partnerships with respect to suppliers include

A) competitive bidding encouraged.
B) buyer plant pursues vertical integration to reduce the number of suppliers.
C) support suppliers so they become or remain price competitive.
D) most suppliers at considerable distance from purchasing organization.
E) buyer plant demanding that suppliers relocate their business.

JIT Partnerships

Collaborations between suppliers and manufacturers that follow Just-In-Time inventory principles to reduce waste and increase efficiency.

Competitive Bidding

A procurement process where suppliers submit their bids to win a contract, based on price and/or other criteria.

Vertical Integration

Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

  • Identify the advantages and obstacles associated with Just-In-Time partnerships with suppliers.
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Taylor O'RourkeJul 29, 2024
Final Answer :
C
Explanation :
JIT partnerships with suppliers require the purchasing organization to support their suppliers in becoming or remaining price competitive. This often involves providing assistance and training to suppliers to improve their operations and reduce their costs. Competitive bidding may not be encouraged in JIT partnerships, as the focus is on building long-term relationships with a small number of reliable suppliers. Pursuing vertical integration or demanding that suppliers relocate their business are not typical characteristics of JIT partnerships with suppliers. Most suppliers are often located in close proximity to the purchasing organization to facilitate timely delivery and minimize the risk of disruptions in the supply chain.