How has the adoption of just-in-time inventory systems, computer-aided design, and computer-aided manufacturing impact firms' associations with suppliers?

Question

Quizplus · Accepted Answer

The adoption of just-in-time inventory systems, computer-aided design, and computer-aided manufacturing has increased the pressure on firms to establish long-term relationships with their suppliers. This is because these technologies rely on close coordination and communication with suppliers, which is best achieved through continuous, long-term partnerships. Additionally, switching suppliers frequently may disrupt the efficient flow of resources, which can be detrimental to these systems. As a result, firms are more likely to seek out stable, long-term relationships with their suppliers.

How Has the Adoption of Just-In-Time Inventory Systems, Computer-Aided Design