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What is term (JIT) for products?

explain please

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Question added by Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.
Date Posted: 2014/05/11
muhammad shahid mughal
by muhammad shahid mughal , Merchandiser , Nevtech Industries

JIT "stands for Just In time" We can express it as an inventory strategy companies employ to  increase efficiency and reduce wastage of the raw material by receiving goods only as they are required in the production process.

By using this approaching the problems of space and damage  can be solved.

Inventor load also reduced.

Effective and efficient Finance utilization.

Help out in Priority setting and production planning

 

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