What type of procurement allows for bi-weekly inventory and purchasing adjustments?

Just-In-Time (JIT) purchasing is an inventory management system that aims to increase efficiency and decrease waste by receiving goods only as they are needed in the production process. This approach allows for bi-weekly inventory and purchasing adjustments since it focuses on maintaining minimal stock levels and ordering supplies in response to current demand.

By using JIT purchasing, businesses can closely monitor their inventory and adjust orders based on real-time usage, which can often lead to cost savings and improved cash flow. This method contrasts with more traditional procurement approaches where items may be ordered in bulk or on a less flexible schedule, leading to excess inventory or stockouts.

The flexibility inherent in JIT purchasing can help organizations be more responsive to changes in demand, which is essential in environments where consumer preferences may shift frequently.