📉 JUST IN TIME (JIT): INVENTORY MINIMIZATION

Zero inventories? Just in Time (JIT) brings you closer to that dream.

JIT is a philosophy that seeks to produce and deliver goods only when they are needed, minimizing costs associated with inventory. It requires reliable processes and trusted suppliers.

Key Points

Produce and deliver only when needed 🎯
Minimizes inventory costs 💰
Requires reliable processes and reliable suppliers 🤝

Practical Example: A bicycle assembler implemented JIT with 3 key suppliers. Components arrive 2 hours before assembly. Reduced inventory from 45 days to 3 days, freeing up $180,000 in working capital.

Reflection: Do you dare to use JIT in your operation?

👍 Like if you would implement it and follow me for master inventory management.