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Purpose – To develop just‐in‐time (JIT) purchasing threshold value (JPTV) models for ready mixed concrete (RMC) suppliers to decide whether or not to switch from an economic order quantity (EOQ) approach to a JIT purchasing approach for the purchase of their raw materials, when a price...
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Implementing just-in-time (JIT) management in the ready mixed concrete (RMC) industry seems viable. It has been observed previously by others that the current practices for managing the concrete supply chain upstream in terms of raw materials acquisition or prerequisite work on site were not...
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The literature on the use of just-in-time (JIT) and economic order quantity (EOQ) purchasing has increasingly favoured JIT in recent years, especially when firms are purchasing to meet high and consistent levels of demand, and the JIT operation can take advantage of inventory physical plant...
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