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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 is the effect of overstocking and under stocking in an organization?
Add a dummy supply source to make it a balanced problem. Use the least cost method and determine a shipping schedule and total cost of transportation
what is a managing material flow
what is the supply chain for milk
supply chain of milk
why do companies prefere outbound logistics to inbound logistics
difference between transaction exposure risk and translation exposure risk#
buyer is the king since he is the one who posses the finance so there is no need for negotiation
Explain the risks and advantages of Global Supply Chain Risks - a) Supply side risks b) Risks in international logistics c) Demand side risks d)
How has BASF''s differentiated supply chain models worked to leverage its economies of scale and extensive knowledge of its customers'' industries?
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