Increased utilization of JIT inventory systems,CAD,and CAM over the past decades seems to have decreased pressures for firms to establish long-term relationships with suppliers,but increased the pressure to establish short-term ones.

Question

Quizplus · Accepted Answer

Increased utilization of JIT (Just-In-Time) inventory systems, CAD (Computer-Aided Design), and CAM (Computer-Aided Manufacturing) has actually increased the pressure for firms to establish long-term relationships with suppliers. These systems require close coordination and reliability, which are more effectively achieved through long-term partnerships that ensure timely delivery, quality assurance, and efficient communication.

Increased Utilization of JIT Inventory Systems,CAD,and CAM Over the Past