The “Just in Time” or “JIT” purchasing process is becoming more popular as a str
ID: 434110 • Letter: T
Question
The “Just in Time” or “JIT” purchasing process is becoming more popular as a strategy for firms across the globe. Identify two or three purchasing benefits described in the text. Identify a project that could be implemented to meet these benefits from professional or text examples. Consider why a project manager would need to have knowledge of JIT, and how it is important to organizations today The “Just in Time” or “JIT” purchasing process is becoming more popular as a strategy for firms across the globe. Identify two or three purchasing benefits described in the text. Identify a project that could be implemented to meet these benefits from professional or text examples. Consider why a project manager would need to have knowledge of JIT, and how it is important to organizations todayExplanation / Answer
JUST IN TIME HAS THE FOLLOWING BENEFITS WHICH CAN BE
A PROJECT THAT COULD BE USED IN MANY INDUSTRIES SUCH AS RESTAURANTS OR FOOD STALLS , THE DO HAVE ALL THE INGREDIENTS ALREADY PREPARED WHEN THE ORDER COMES ,THEY JUST NEED TO PIECE IT TOGETHER TO MAKE IT PRESENTABLE AND IN SOME CASES EDIBLE
IN OTHER INDUSTRIES WHERE IT COULD BE HELPFUL IS THE 2 WHEELER OR 4 WHEELER MANUFACTURING INUSTRY WHERE THE PRODUCT WILL BE MADE ONLY ON DEMAND WHICH WOULD HELP IN REDUCING THE WASTAGE OF PRODUCED GOODS
PROJECT MANAGER MUST HAVE KNOWLEDGE ABOUT THIS AS IT WOULD HELP IN SAVING A LOT OF MONEY TIME AND RESOURCES FOR THE COMPANY WHICH WOULD LEAD TO SAVING IN THE FUTURE AND HENCE COULD BE USED FOR ANOTHER TIME
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