When Using a Just-In-Time System, What Qualities Should Be Used

question 39

Essay

When using a just-in-time system, what qualities should be used to evaluate a supplier?

---

Definitions:

Aggregate Planning

A process in operations management focused on developing, analyzing, and maintaining a preliminary, approximate schedule of the overall operations of an organization.

Inventories

Assets that are held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.

Aggregate Plan

A production plan for a medium-term horizon that balances demand and supply, often translating demand forecasts into a production strategy.