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Justintime Purchasing Katherine Hogan OISM 470W February 19, 2020 Presentation Overview ? Definition of Justintime Purchasing ? Different uses ? How it will help your pany ? Examples of Justintime Purchasing Justintime Purchasing ? An approach to purchasing that requires longterm agreements with few suppliers Brainstorming How can justintime purchasing be used in your anization? Advantages to JIT ? Reduces the need for central warehousing and storage ? More personal relationship with suppliers ? Longterm relationships that help to certify suppliers ? Receiving inspection is reduced and in some cases eliminated ? Lowered variety in suppliers ? Reliable delivery schedules