Just-In-Time (JIT) inventory
Just-In-Time (JIT) inventory is a supply chain management strategy that aims to reduce inventory holding costs by receiving goods only as they are needed in the production process. This approach minimizes storage costs and reduces waste but requires precise coordination with suppliers to avoid production delays.
Related glossary terms
Lead Time
Lead Time is the total time from placing an order to receiving it, encompassing order processing, production, and transit, essential for managing inventory…
Actual Demand
Actual demand is the real quantity customers request in a period. It drives supply chain planning, inventory decisions, and demand forecasting in logistics.
Supply Chain Visibility
Supply Chain Visibility is the ability to track and monitor goods, information, and resources across the entire supply chain in real time to reduce risk and…
Warehouse Management
Warehouse Management involves administering storage facilities, including receiving, storing, and moving goods, using systems and automation to optimize space…
