Just in Time Inventory Management System (JIT) is a strategy used to optimize inventory levels by replenishing stock just as it’s needed. It relies on high-quality raw materials, a reliable supplier network, and accurate customer demand forecasts to ensure efficient ordering and deliveries. Compared to traditional methods, JIT reduces storage costs, eliminates the need for surplus stock and helps align production cycles with actual customer demand. Ultimately, it allows businesses to have the right amount of product available at the right time – increasing customer satisfaction and boosting profitability!