Question 1 what is just-in-time jit purchasing examine some

Reference no: EM13348832

QUESTION 1

What is just-in-time (JIT) purchasing? Examine some potential benefits and possible disadvantages of JIT.

QUESTION 2

Make clear the causes and effective disposal of surplus. Give examples to illustrate your answer.

QUESTION 3

Illustrate the characteristics of a good coding system.

QUESTION 4

The systematic formulation and adoption of standards is referred to as standardization which is usually accompanied by variety reduction. Illustrate benefits that can be obtained from a systematic standardisation and variety reduction programme.

Reference no: EM13348832

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