Just-in-time (JIT) manufacturing techniques can be useful in lowering days' sales in raw materials inventory.
JIT is a type of inventory management which calls for close coordination with suppliers to ensure the raw materials arrive at the exact time when manufacturing is supposed to start, but no earlier. The objective is to keep just enough stock available to meet demand.
If you have a tested, dependable supply chain and precise demand planning, there are more benefits than drawbacks to using JIT. If you don't have precise and timely updated sales estimates, JIT could have dangers. Make sure your inventory system is compatible with JIT inventory management before implementing JIT.
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