A firm that uses a JIT purchasing philosophy probably:
A)has many suppliers.
B)has extensive inspection of purchased items at the receiving point.
C)has relatively few suppliers.
D)has deliveries of purchased items made in small lot sizes immediately before the goods are needed in production.
E)has relatively few suppliers and has deliveries of purchased items made in small lot sizes immediately before the goods are needed in production.

Question

Quizplus · Accepted Answer

A firm using a JIT (Just-In-Time) purchasing philosophy typically has relatively few suppliers to ensure quality and reliability, and it schedules deliveries in small lot sizes just before the items are needed in production to minimize inventory costs.

A Firm That Uses a JIT Purchasing Philosophy Probably