Just In Time (JIT) inventories refers to a business practice of only ordering and stocking the amount of material or product needed to meet customer demand. This inventory technique is designed to reduce waste and increase profitability by eliminating the need to store excess materials or finished products. By minimizing storage, JIT inventory practices can lead to cost-savings, higher efficiency, and improved customer service. The JIT approach to inventory management can help businesses stay competitive in today’s market by allowing them to respond quickly and efficiently to customer orders.