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Two of the most pervasive trends in purchasing management during the 1980s were the increased usage of global sourcing and the development of JIT sourcing. Both practices have become quite popular because of the significant competitive benefits they provide to the firms that successfully...
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Increasing competitive parity in the areas of cost and quality has forced global manufacturers to seek other sources of competitive advantage with new product development rapidly becoming the focal point in the quest for sustained growth and profitability. The essence of today′s new product...
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The dynamic nature of today’s global marketplace places a premium on a firm’s ability to anticipate and to respond to customer needs as well as changing competitive pressures. Within this environment, developing a successful manufacturing strategy can be critical to the firm’s long‐term...
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Total JIT (T-JIT) is defined as an integrated supply chain strategy incorporating previously defined elements of JIT-production, JIT-purchasing, JIT-selling, with the addition of an important new element, JIT-information. It would be interesting and informative to discover the extended concept's...
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