Characteristics of JIT partnerships with respect to suppliers include
A) competitive bidding encouraged.
B) buyer plant pursues vertical integration to reduce the number of suppliers.
C) support suppliers so they become or remain price competitive.
D) most suppliers at considerable distance from purchasing organization.
E) buyer plant demanding that suppliers relocate their business.

Question

Quizplus · Accepted Answer

JIT partnerships with suppliers require the purchasing organization to support their suppliers in becoming or remaining price competitive. This often involves providing assistance and training to suppliers to improve their operations and reduce their costs. Competitive bidding may not be encouraged in JIT partnerships, as the focus is on building long-term relationships with a small number of reliable suppliers. Pursuing vertical integration or demanding that suppliers relocate their business are not typical characteristics of JIT partnerships with suppliers. Most suppliers are often located in close proximity to the purchasing organization to facilitate timely delivery and minimize the risk of disruptions in the supply chain.

Characteristics of JIT Partnerships with Respect to Suppliers Include