Question

Characteristics of jit partnerships with respect to suppliers include:________.

a) competitive bidding encouraged.
b) buyer plant pursues vertical integration to reduce the number of suppliers.
c) support suppliers so they become or remain price competitive.
d) most suppliers at considerable distance from purchasing organization.
e) buyer plant demanding that suppliers relocate their business.

Answer 1

Characteristics of JIT partnerships with respect to suppliers include supporting suppliers to be price competitive, encouraging competitive bidding, and having suppliers at a considerable distance from the purchasing organization.

Step-by-step explanation:

The characteristics of JIT (Just-In-Time) partnerships with respect to suppliers include:

1. Supporting suppliers so they become or remain price competitive
2. Competitive bidding encouraged
3. Most suppliers at considerable distance from purchasing organization

These characteristics highlight the importance of maintaining a strong relationship with suppliers, ensuring competitive pricing, and optimizing the supply chain by having suppliers located strategically to minimize lead times.