Asked by Rogelio De Santiago on Jun 25, 2024
Verified
One goal of JIT partnerships is the removal of in-plant inventory by delivery in small lots directly to the using department as needed.
JIT Partnerships
Collaborations between companies and their suppliers to implement Just-In-Time inventory strategies, aiming to reduce waste and increase efficiency.
In-plant Inventory
The stock of goods and materials held within a manufacturing plant for the production process or for immediate use.
Small Lots
Production or shipment of goods in small quantities, often used to reduce inventory costs and increase flexibility.
- Understand the principles and goals of JIT systems and partnerships.
Verified Answer
Learning Objectives
- Understand the principles and goals of JIT systems and partnerships.
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