A firm that uses a just-in-time purchasing philosophy probably:

Question

Quizplus · Accepted Answer

A just-in-time purchasing philosophy aims to reduce inventory and minimize waste by ordering only what is needed when it is needed. To achieve this, a firm typically has few suppliers with reliable delivery schedules, uses minimal inspection of purchased items at the receiving point, and relies heavily on electronic data interchange (EDI) ordering systems to quickly communicate orders and delivery schedules to suppliers. Therefore, all answer choices are correct.

A Firm That Uses a Just-In-Time Purchasing Philosophy Probably