JIT is a system of supplying goods as close to when they are actually needed. Keeping less inventory means a company has more available cash and credit. For manufacturers: underestimation is the main problemless profit.
JIT is a system of supplying goods as close to when they are actually needed. Keeping less inventory means a company has more available cash and credit. For manufacturers: underestimation is the main problemless profit.
JIT is a system of supplying goods as close to when they are actually needed. Keeping less inventory means a company has more available cash and credit. For manufacturers: underestimation is the main problemless profit.
A system of supplying goods as close as possible to when they are actually
needed. For manufacturing company, raw materials arrived just before they are added to the final product. Keeping less inventory on hand means a company has more available cash and credit for other uses. JIT requires the constant and precise monitoring of demand. This is done with the use of KANBAN signals between various points of production which can alert when the next part or product is needed. For manufacturers: underestimation Underestimation is the main problem- less profit- without necessary materials, production stops and the manufacturer is unable to deliver goods as promised