What is a Just In Time Inventory?
All businesses will work hard to keep their costs to a minimum. There is usually savings to be made in every aspect of an operation and one of areas where there will be interest in making savings will be the inventory process. Just in Time (JIT) inventory is all about managing the inventory process so that costs are kept to a bare minimum and that everything occurs as efficiently as possible. JIT is about looking for any wastage and removing this where possible. The overall goal is to get the highest possible return on the money invested in inventory.
