JIT purchasing is done using
A)short-term contracts that emphasize price.
B)long-term contracts based on quality, reliability, and price.
C)short-term contracts based on quality, reliability, and price.
D)inventory to hedge against stockouts and price increases.

Question

Quizplus · Accepted Answer

JIT (Just-In-Time) purchasing often involves long-term contracts that emphasize not just price, but also quality and reliability. This approach ensures a steady supply of materials with minimal inventory, relying on the supplier's ability to deliver goods exactly when they are needed.

JIT Purchasing Is Done Using