Just-in-Time (JIT) is a revolutionary inventory management philosophy that minimizes waste and optimizes production flow.
Posts tagged as “Just-In-Time (JIT)”
Just-in-Time (JIT) focuses on receiving materials only as they are needed for production. This philosophy aims to achieve a continuous flow of goods.
Just-in-Case (JIC) inventory management, a traditional cornerstone of production planning, prioritizes maintaining buffer stocks in production.
Creditor Days measures the average number of days it takes a business to pay its suppliers who gave the business trade credit.