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.
Please follow our Community Guidelines
More From Articles
Kelli Harris
Managing Multiple Shopify Stores
Kate Pauline Galagnara
Inventory Turnover: Definition, Formula, & Impact on Profitability (With Examples)
Related Posts
Ioannis Athanasiou
Decoupling Inventory: How Can This Help Your Business?
Kate Pauline Galagnara
Inventory Turnover: Definition, Formula, & Impact on Profitability (With Examples)
Elijah Adebayo
How to Split Orders on Shopify
Brody Hall
How to Add a Sale Tag in Shopify
Ioannis Athanasiou
Shopify Store's Growth: Why Back-in-Stock Emails Are Important
Elijah Adebayo