Just-in-time (JIT) inventory systems are business models that are used to minimize waste by ordering products as close to the time of actual use as possible. This reduces the cost of keeping large amounts of inventory on hand and decreases the amount of resources needed for production, storage and transportation. The idea is to cut down all sources of waste in order to maximize efficiency and profitability, while also maintaining customer satisfaction with timely deliveries and a high quality of service. With this system, suppliers can deliver goods quickly, reducing the lead time for orders so that customers only have to wait for a few days for their materials instead of weeks or months. Utilizing JIT Inventory Systems helps businesses stay competitive in today’s global marketplace.