Just In Time (JIT) Supply Chain is a business strategy that focuses on reducing costs and increasing efficiency by minimizing the amount of inventory held in the supply chain. This is achieved by ensuring that materials and components are delivered just in time for production, with no surplus inventory held. The goal of JIT Supply Chain is to reduce the cost of inventory, reduce the amount of time it takes to deliver products, and improve customer service. By streamlining the supply chain, companies can reduce the cost of goods sold, increase their profitability, and provide customers with faster and more reliable delivery. JIT Supply Chain also helps companies become more agile and responsive to customer needs, as they can quickly adjust their production and supply chain processes to meet changing customer demands. In addition, JIT Supply Chain helps companies reduce their environmental impact by reducing the amount of waste generated in the production process.
