Advantages of just-in-time purchasing, Operation Management

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Advantages of just-in-time purchasing

Assignment:

Please compare (a) Just-In-Time (JIT) purchasing approach with (b) Traditional purchasing approach on aspects:

(1) Order of quantities,

(2) Delivery schedules,

(3) Costs Delivery lead times,

(4) Quality of parts,

(5) Supplier base.

In the comparison, clearly highlight the advantages of JIT purchasing.

Please answer in 700 words.

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