Just-in-time inventory focuses on reducing cost

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Just-In-Time inventory focuses on reducing cost while single origin sourcing focuses on doing the right thing. A critical part of being successful with Just-In-Time inventory is working closely with suppliers, is it possible to incorporate Just –In –Time inventory approach while being a single source origin based business? Do Just-In-Time and single origin sourcing work in conjunction or act as opposing forces? How? Why? IF a company choose to pay well above fair-trad prices for coca beans what is he exposed to with regards to inventory? how can a company taking card of their suppliers with doing what is right financially for his small business?

Reference no: EM131366734

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