Supplier: Metal Marker Manufacturing, Inc. Description: 9100 Certified. They maintain a large on hand inventory so once they receive an order they can minimize the time it takes to deliver product to ...
Just in time (JIT) inventory control systems occur when a business holds no stock and instead relies upon deliveries of raw materials and components to arrive exactly when they are needed.
The Just-in-Time (JIT) inventory strategy aims to reduce inventory costs by ordering and producing goods only as needed to meet customer demand, not sooner. This approach minimizes the storage and ...
A pure JIT model certainly addresses the issue of inventory elimination, but the risk is just too great when dealing with suppliers, production variances and capricious clients in multiple countries.