VAE 511: Livestock Entrepreneurship (1+0)

PROCUREMENT SYSTEMS

Procurement Systems

• Another common procurement issue is the timing of purchases.
• Just-in-time (JIT) is a system of timing the purchases of consumables such as straw, fodder in quantities to meet daily procurement needs. In this system, inventories will not be maintained.
• Just-in-time is commonly used by Japanese companies but widely adopted by many global manufacturers from the 1990s onwards.