What is just-in-time (JIT) inventory management?

Asked 8 months ago

I'm having trouble understanding exactly what JIT is, can someone explain it better for me please!?

Abeeha Qasmi

Thursday, March 09, 2023

Just-in-time, abbreviated as JIT, is an inventory management strategy for maintaining the ideal stock levels. This method refers to sourcing goods from suppliers only as they are needed rather than keeping large amounts of inventory on hand. The primary objective is to reduce waste, minimize the inventory holding costs and improve the inventory turnover rate. JIT can be a highly effective inventory management strategy, but it also requires a high level of coordination and flexibility to be successful.





Write an answer...

Cancel

Please follow our  Community Guidelines

Can't find what you're looking for?
Don't Know what Shopify is?

Start your own online eCommerce business using Shopify platform. Shopify gives you all the tools needed to make the journey easier, faster and more profitable.

Frequent Releases

We work tirelessly to deliver more value to your business. Our roadmap is largely based on the questions you ask. We listen and we deliver as often as we can.

24/7/365 apps support

You can reach out to us via a dedicated support icon in the apps. We're always there. Or simply send us an email with your questions at support@egnition.io

Pin It on Pinterest