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What is Just-In-Time (JIT) approach? What are the reasons for adopting JIT in an organization? State the replenishment techniques used by retailers?
Just in-time (JIT) JIT (Just-In-Time) refers to an approach to purchasing, which requires long term agreements with a few suppliers. JIT is an essential feature and a necessity in case of many perishable food commodities such as milk, fruits, vegetables, fish, meat, etc. There are stipulations which specify that certain vegetables (example, gherkins) have to reach the processing units within 6 to 10 hours from the time of harvest, for maintaining the desired quality. The JIT approach is dependent on leadership and a clear communication of "objectives and demands. It requires teamwork and collaboration internally and also with suppliers
what are the basic calculations of MRP
Aerial Products has received a contract to construct airframes produced at a client's factory in Tennessee. There are strict quality control measures in place for the airframes.
Describe the different types of sourcing available and strategies formulated to manage them in Your organization.( i.e Consumables, capital goods, goods for resale) What are
Mining and Industrial Tyre Supply Inc (MITSI) distributes and sells tyres. While most of MITSI's sales come from earthmover and industrial tyres, they also stock and sell a very mi
What is Just-In-Time (JIT) approach? What are the reasons for adopting JIT in an organization? State the replenishment techniques used by retailers? Just in-time (JIT) JIT (Jus
The Public Procurement Act 2006 is based on international procurement best practices that guarantee the rights of all parties involved. For instance, unsatisfied bidders and supp
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benefits of intergrating outbound and inbound movement of goods in company
Online electronic billing and payments are becoming the common method for effecting business transactions. a. Explain the concept of Financial Supply Chain (FSC) and illustrat
A proactive strategic procurement operation can give the organisation it represents a competitive advantage by reducing waste in the value chain. Purchasing strategies, however, ca
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