Just-in-Time Supply

Just-in-Time (JIT) supply is a strategy used in manufacturing and inventory management where goods are produced or delivered only as needed, rather than being stockpiled. This approach reduces waste, lowers storage costs, and increases efficiency by ensuring that materials arrive just before they are required for production. This way, companies can respond quickly to changing demands while minimizing excess inventory. JIT relies heavily on strong relationships with suppliers and precise planning to ensure that everything runs smoothly, ultimately aiming to streamline operations and enhance productivity.