Materials management is the process in which materials are converted into final goods. There is an important relationship between material requirements planning, capacity planning, and inventory management. Analyze these relationships and provide examples from professional experience and/or text examples to support your views. Provide references including Benton, W.C. (2014). Purchasing and supply chain management (3rd ed.). New York, NY: McGraw-Hill Irwin.
The “Just in Time” or “JIT” purchasing process is becoming more popular as a strategy for firms across the globe. Identify two or three purchasing benefits described in the text. Identify a project that could be implemented to meet these benefits from professional or text examples. Consider why a project manager would need to have knowledge of JIT, and how it is important to organizations today. Provide references including Benton, W.C. (2014). Purchasing and supply chain management (3rd ed.). New York, NY: McGraw-Hill Irwin.