Question: urchasing has many benefits but also some risks. Do you agree? Explain briefly. A . Just - in - time ( UT ) purchasing
urchasing has many benefits but also some risks. Do you agree? Explain briefly.
A Justintime UT purchasing is a purchasing system that ombs recording some of the journal entiles relating io the atopes fif purchase of direct materials to the sale of firithed goods. Benefls include less book keeping requied and lime spert in a mo productive manner. Risks could include suppliers that dont always share accurale and simily information about sheir sales. inventory levels, and sales forecasts with one another.
B Justintime JIT purchasing, which is also called lean purchasing in a "demandpur purchasing system that purchases nack component in a preduction line as soon as and only when needed by the next step in the production line Blenefis include low. irwentory holdings and less storage space needed. Risks could include any failure on the part of sapplers which could result in the company's assembly plant not meeting its gheduled dolveries.
C Jost in time JIT purchasing is a "pushthrough" system that purchases finished goods for invertsy on the basis of denind forecasts. Benefis include the need for a smaler warehouse for storage and lower inverifory holdings. Risls could include supply that dont always share accurate and timely information about theit sales, irrentory levels, and sales forecasts with one anofier
D Junin time ait purchasing is the purchase of materials or goods so that they are delvered fast as needod for production or
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