Just-In-Time (JIT) Inventory

Just-In-Time (JIT) Inventory is a management strategy where materials and products are delivered exactly when they are needed in the production process, rather than being stored in large quantities. This approach reduces storage costs and waste, allowing businesses to respond quickly to customer demand and minimize excess inventory. By synchronizing production with demand, companies can streamline operations and improve efficiency. JIT requires careful planning and strong supplier relationships to ensure that items arrive on time without delays, helping businesses maintain a leaner, more cost-effective approach to inventory management.