Question: The JIT solution a . requires carrying materials inventory in order to lower the cost of inventory without production delays. b . requires selection of
The JIT solution
a requires carrying materials inventory in order to lower the cost of inventory without production delays.
b requires selection of vendors based on lowest cost alone.
c exploits supplier linkages by negotiating longterm contracts with a few chosen suppliers located closest to the production facility and establishing more supplier involvement.
d requires a solid forecast to push production.
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