Just-in-Time (JIT) System

Just-in-Time (JIT) System .Just-in-time, or JIT, is an inventory management method in which goods are received from suppliers only as they are needed. The main objective of this method is to reduce inventory holding costs and increase inventory turnover.

Importance of just-in-time Just in time requires carefully planning the entire supply chain and usage of superior software in order to carry out the entire process till delivery, which increases efficiency and eliminates the scope for error as each process is monitored. Here are some of the important effects of a just-in-time inventory management system. Reduces inventory waste,Decreases warehouse holding cost,Gives the manufacturer more control,Local sourcing,Smaller investments.

HI-TECH INDUSTRIES is following up "Just -in - time " dispatch system tp its valuable customers which help in reducing the inventory carrying cost at both ends.