Asked by Zachary Smith on Jul 18, 2024
Verified
In JIT partnerships, suppliers have several concerns. Which of the following is not such a concern?
A) desire for diversification
B) poor customer scheduling
C) small lot sizes
D) producing high enough quality levels
E) customers' infrequent engineering changes
JIT Partnerships
Collaborative relationships between suppliers and companies to ensure just-in-time delivery of inventory, reducing waste and improving efficiency.
Small Lot Sizes
The production strategy that involves manufacturing smaller quantities of items to reduce inventory levels and respond quickly to customer demands.
Diversification
Diversification is a risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to minimize risk.
- Understand the rewards and difficulties in establishing Just-In-Time relationships with suppliers.
Verified Answer
Learning Objectives
- Understand the rewards and difficulties in establishing Just-In-Time relationships with suppliers.
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