The Just in Time (JIT) inventory method is a business approach that emphasizes the reduction of waste and cost within an organization. It’s based on the philosophy of having only the right materials at the right place, at precisely the right time. The idea is to minimize your inventory levels by ordering just enough supplies or raw materials to meet current demand. Through JIT, companies are able to reduce their storage costs and minimize the risk of stockpiling outdated or obsolete products. By investing in technology to improve efficiency and accuracy while tracking orders, you’ll be well-equipped to monitor progress towards a successful JIT inventory system.