Analytical Model for Just-in-Time Purchasing

Just-in-Time purchasing strategy is adopted by organizations to gain advantage over their competitors. Implementation of purchasing strategy can increase firms’ performance. Just-in-Time purchasing strategy has benefits like higher inventory turnover, increased product quality and productivity. This strategy lead to a reduction in product costs. Lower prices will lead to increased market share and profit. This paper is based on model of Just-in-Time purchasing factors like top management commitment, employee relations, training, supplier quality management, transportation, and quantities.