Examlex
The following practices are considered essential for a comprehensive JIT implementation:
1. Uniform production (also known as heijunka)
2. Quick set times
3. Small lot sizes
4. Short lead times
Bid Shading
A strategy in auctions where bidders intentionally bid lower than their actual value to increase the chance of winning at a lower price.
Bid-rigging
A form of fraud where competitors conspire to determine the winner of a bidding process, undermining fair competition.
English Auctions
A method of sale in which the price ascends and participants bid openly against each other, with the item being sold to the highest bidder.
Sealed-bid Auctions
Auctions in which all bidders simultaneously submit their bids in sealed envelopes, with no bidder knowing the bid of the others.
Q1: Many of the exclusively foreign costs are
Q2: A survey of the extent of ethical
Q4: Implementation of the JIT philosophy requires a
Q10: _ standards can be applied to both
Q11: Rhonda is culturally fluent, which means that
Q23: _ are items that we expect to
Q24: It is well documented that JIT reduces
Q27: The use of outsourcing has quickly become
Q30: In the formulation of purchasing strategy, the
Q49: Performance-based evaluations assess the company at the