Which buying method can save money but means you must have trust in the reliability of your supplier?
Just in time
Answer: Just in Time
Just in Time can save money but means you must have trust in the reliability of your supplier.
Explanation:
Just-in-time refers to a positive cost-cutting inventory management strategy which involves the ordering of raw materials for production directly from the suppliers. It helps in minimizing inventory and increasing efficiency in production. It depends on strong, fast and efficient network of suppliers. It aims at improving the company's return on investment by reducing non-essential costs.
