Just-in-time






Just-in-Time is referred to as a type of inventory management system where products are acquired just a couple of hours before they are put to use. This system is used by organisations to decrease the unnecessary burden of inventory management, if the demand for products are lower than the inventory that has been raised.

It's objective is to raise inventory turnover and to reduce costs like holding costs and others associated with it. This term was popularised by Japanese firms which produced goods on the same day they received an order
Just-in-Time system prevents the requirement to carry large inventories and bear the costs associated with it by the manufacturer
A proper Just-in-Time system is when there is a synchronisation between the manufacturer and the supplier when it comes to quality and delivery of material or products. There is a lot of pressure in this process as the manufacturers must be ready with the material as per the quantity mentioned within the time period.


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