Just-In-Time (JIT) Strategy for Leaner Inventory
The Just-In-Time (JIT) strategy minimizes inventory holding costs by ordering stock only when needed. This reduces waste, lowers storage expenses, and enhances cash flow. Businesses that implement JIT work closely with reliable suppliers and forecast demand accurately. It’s ideal for industries where shelf life is short or demand is predictable. While JIT requires precision, it’s a powerful method to achieve operational agility and lean operations.
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