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Recent models comparing inventory costs under just‐in‐time (JIT) purchasing plans and economic order quantity (EOQ …) purchasing plans have tended to favor EOQ purchasing in situations where annual demand of inventory is moderately large. Contends … that these cost models are lacking dynamic cost components inherent in virtually all JIT purchasing plans. Presents a …
Persistent link: https://www.econbiz.de/10014793422
, their success will depend to a great extent on their ability to win the purchasing battle. It is common knowledge that it is … purchasing′s charge to oversee the acquisition and delivery of inventoried materials in a company. In a Just‐in‐Time (JIT …) environment this traditional role of purchasing is continually changing to support production and service. Purchasing now …
Persistent link: https://www.econbiz.de/10014793969
, purchasing has been undergoing transformations. Examines empirically the effects of both these trends on the purchasing function … purchasing practices, purchasing′s interaction levels with other functional areas and with vendors, and strategic partnerships … regarding suppliers. Also examines the impacts on purchasing and inbound logistics in terms of performance. The findings …
Persistent link: https://www.econbiz.de/10014794055
There is a relative dearth of literature which examines the implications for suppliers which deliver on a just‐in‐time (JIT) basis. Some authors suggest that there are significant benefits for both the buyer and the supplier through participation in JIT procurement, although there are other...
Persistent link: https://www.econbiz.de/10014794096
the just‐in‐time (JIT) purchasing policy. Determines an upper limit for the JIT purchase price of an item below which the … manufacturer will be better off using JIT purchasing. Also determines the annual demand level at which the costs of EOQ and JIT … purchasing will be equal (the indifference point). For demand levels above this indifference point EOQ is the less costly method …
Persistent link: https://www.econbiz.de/10014794143
JIT purchasing, like many other trends in supply management, is not applicable to just any circumstances; rather, its …, variability and economic value of procured products – have been analysed and their effects on JIT purchasing implementation have … JIT purchasing have been distinguished: operational, relational, involvement, and quality practices. Results show that …
Persistent link: https://www.econbiz.de/10014789583
are important in implementing JIT into the purchasing process are discussed. These attributes are categorised as financial …. An illustration of how the model can be used to assist purchasing in the selection of suppliers is given.  …
Persistent link: https://www.econbiz.de/10014790254
The just‐in‐time (JIT) purchasing system has been demonstrated as a mechanism to reduce inventory carrying cost and … improve the quality of incoming materials. One major limitation of the JIT purchasing system is that it demands a major change … JIT purchasing system conducted in a large manufacturing plant is reported.  …
Persistent link: https://www.econbiz.de/10014790282
Although some recent articles have extended the traditional economic order quantity models to JIT purchasing, their …
Persistent link: https://www.econbiz.de/10014790416
production with deliveries. This raised a question whether PQD is applicable in a JIT purchasing environment. Argues that though …
Persistent link: https://www.econbiz.de/10014790608