Just In Time (JIT) is a method of inventory management designed to reduce costs by minimizing the amount of inventory the business needs to keep on hand. The idea behind JIT is that inventory should be ordered and delivered only when needed, allowing businesses to save money by not having too much inventory on their books. By making sure each product is produced and shipped just in time for its intended use, businesses can avoid wasteful spending on excess or unnecessary inventory. This kind of efficient inventory management helps businesses remain competitive and keep prices low for their customers.