Asked by Elijah Filsinger on Jul 14, 2024
Verified
Which one of the following is a characteristic of a JIT partnership?
A) large number of suppliers
B) maximal product specifications imposed on supplier
C) active pursuit of vertical integration
D) removal of incoming inspection
E) frequent deliveries in large lot quantities
JIT Partnership
A collaborative arrangement between suppliers and manufacturers where materials are produced and delivered just in time for production, reducing inventory costs and enhancing efficiency.
Large Number
A term often used in mathematics and computing to describe a value that is significantly larger than most values considered in a given context.
Product Specifications
Detailed descriptions of a product’s requirements, dimensions, materials, and performance criteria, used as standards for production and quality assurance.
- Comprehend the gains and challenges involved in Just-In-Time collaborations with suppliers.
Verified Answer
Learning Objectives
- Comprehend the gains and challenges involved in Just-In-Time collaborations with suppliers.
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