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) be located within 500 miles of each other.

Question

Quizplus · Accepted Answer

Cooperation between the firm and its vendors is essential for a successful JIT system as JIT relies heavily on timely deliveries of goods and materials from vendors. Suppliers need to be reliable in terms of quality, delivery time, and inventory management. Hence, the training, motivation, and involvement of suppliers in the JIT system are critical. Without cooperation, the system will fail. The other options provided are not necessary for the success of a JIT system.

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