Final answer:
The manufacturing firm's strategy in developing a core network of suppliers in Ohio is an example of just-in-time (JIT) delivery, which aids in minimizing inventory costs and enhancing quality control.
Step-by-step explanation:
The owners of a manufacturing firm in Ohio have developed a core network of suppliers to ensure an uninterrupted supply of products. This is an example of just-in-time (JIT) delivery, a business strategy that minimizes inventory costs and improves quality control. By maintaining a core group of reliable suppliers nearby, the manufacturing firm ensures that parts are delivered as needed for production, reducing the need for warehousing and minimizing the risk of stockpiling defective products. This strategy also demands close coordination and high-quality standards from suppliers, as any defects become immediately apparent and can cause significant disruptions in the production process. While this can improve efficiency, it may also place pressure on supplier wages and job security, reflecting a broader economic pattern where competitive pressures can affect labor conditions. The manufacturers' focus on their core competency and reliance on a tightly integrated supply chain is aligned with successful practices observed in businesses.