JIT (Just-in-Time) Supply Chain is an inventory management system that seeks to minimize inventory costs and increase efficiency by ensuring that the right amount of goods are delivered to the right place at the right time. It is a system that focuses on eliminating waste and improving efficiency by reducing the amount of inventory on hand and increasing the speed of production. The goal of JIT Supply Chain is to ensure that the customer receives the product when they need it, and that the company is able to produce the product in the most efficient manner possible. This system helps to reduce the amount of inventory that needs to be stored, which in turn reduces the cost of storage and handling. Additionally, it reduces the amount of time it takes to produce a product, which helps to reduce production costs. By utilizing JIT Supply Chain, companies are able to reduce costs, increase efficiency, and provide customers with the products they need when they need them.
