OM (with OM Online, 1 term (6 months) Printed Access Card)
6th Edition
ISBN: 9781305664791
Author: David Alan Collier, James R. Evans
Publisher: Cengage Learning
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Chapter 17, Problem 2PA
Summary Introduction
Interpretation:Impact of JIT on purchasing functions and practices are to be discussed.
Concept Introduction:
Organizations should maintain its capacity levels to minimise the losses that may incur due to backorders. To avoid such situation organizations should maintain a safety stock of its inventory.
Just in Time (JIT) approach is used by the organizations especially manufacturing firms to reduce their inventory levels and make more profits by using the resources in a very optimal way. The organization must effectively manage its supply chain network to implement JIT at an optimal level.
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Chapter 17 Solutions
OM (with OM Online, 1 term (6 months) Printed Access Card)
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