Asked by Mandi Nazimi on May 20, 2024
Verified
What are the goals of JIT partnerships?
JIT Partnerships
Refers to Just-In-Time partnerships, a collaboration between suppliers and manufacturers to ensure materials are delivered just in time for production, reducing inventory costs and enhancing efficiency.
- Gain an understanding of how supplier and customer relationships impact Just-In-Time (JIT) systems.
Verified Answer
MJ
Michael JordanMay 23, 2024
Final Answer :
1. Removal of unnecessary activities, such as receiving, incoming inspection, and paperwork related to bidding, invoicing, and payment.
2. Removal of in-plant inventory by delivery in small lots directly to the using department as needed.
3. Removal of in-transit inventory by encouraging suppliers to locate nearby and provide frequent small shipments.
4. Obtain improved quality and reliability through long-term commitments, communication, and cooperation.
2. Removal of in-plant inventory by delivery in small lots directly to the using department as needed.
3. Removal of in-transit inventory by encouraging suppliers to locate nearby and provide frequent small shipments.
4. Obtain improved quality and reliability through long-term commitments, communication, and cooperation.
Learning Objectives
- Gain an understanding of how supplier and customer relationships impact Just-In-Time (JIT) systems.