Just-in-time (JIT) inventory | Advantage & Disadvantage of Just in Time (JIT) Inventory

Just in time inventory, also known as JIT inventory, is the reduced amount of inventory owned by a business after it installs a just-in-time manufacturing system. This type of system is called a “pull” system. The intent of a JIT system is to ensure that the components and sub-assemblies used to create finished goods are delivered to the production area exactly Read More

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