For a JIT system to be successful,the firm and its vendors must:
A) cooperate.
B) compete.
C) participate in a vertical marketing system.
D) put a VMI system in place.
E) none of these.

Question

Quizplus · Accepted Answer

Cooperation is critical in a JIT system as it requires close coordination and communication between the firm and its vendors in terms of production schedules, delivery times, and quality standards. Competition may lead to conflicting goals and behaviors that could disrupt the JIT system. Vertical marketing systems and VMI can support JIT but are not essential for its success.

For a JIT System to Be Successful,the Firm and Its