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Just In Time Inventory Control

oboloo Glossary

Just In Time Inventory Control

Just in time inventory control is an inventory management system that reduces the amount of excess inventory a business holds by only ordering products or components when they are needed. It eliminates the need to store items for long periods of time, which can be costly and inefficient. The goal is to improve production speed and profitability while reducing waste. By streamlining the ordering process, JIT inventory control helps businesses become more competitive and efficient. This method of inventory management requires careful planning and coordination to ensure timely delivery of components and materials, as well as having a good understanding of your customers’ needs. With the right strategies and policies in place, JIT inventory control can lead to increased profits, improved customer satisfaction, and better overall business performance.

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