JIT purchasing is done using
A)short-term contracts emphasizing 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 focus on quality, reliability, and price, ensuring a steady supply of materials without the need for large inventories.

JIT Purchasing Is Done Using