Question: 1. Describe how using a JIT purchasing strategy in a JIT production system reduces the need for certain purchasing documents. 2. Why is the purchasing

1. Describe how using a JIT purchasing strategy in a JIT production system reduces the need for certain purchasing documents.

2. Why is the purchasing profession particularly sensitive to ethical considerations?

3. What types of information can suppliers provide that are useful during new-product development?

4. In what situation would a firm use centralized supply management?

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