oboloo

oboloo Glossary

Just In Time Processing

oboloo Glossary

Just In Time Processing

Just In Time (JIT) processing is an efficient inventory management system that eliminates waste and reduces costs by obtaining and delivering materials, products, or services only as needed. It’s a method for optimizing production processes so that businesses can avoid the cost of holding too much inventory, while simultaneously ensuring timely and accurate delivery of necessary materials and supplies. JIT is all about being organized, reacting quickly to customer demands, and utilizing real-time data to make decisions. By relying on data and working smarter instead of harder, businesses can save time, money, and resources – leading to increased efficiency and profitability.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971