Question

How the just in time technique is fruitful for any organization?

Answer 1

Under the pull-method, goods are produced in each stage only as they are needed at the next stage. This system eliminates work-in-process inventory between production steps, thereby reducing waiting times and associated non-value-added costs.

Answer 2

Just in time technique's advantage to the organization.

Explanation:

• Just in time (JIT) is a technique where very low inventory is maintained because they have an effective Supply chain so they can order and get raw material as and when needed.
• it is very fruitful to the organization because the inventory maintained by the organization and hence working capital requirement.
• the low inventory level reduces the requirement of warehouse cost.
• less money is spent on  raw material and hence firm can use this fund for other uses.
• the efficiency of organization increases as they work in full co-ordination to keep the process efficient.

Learn more:

Advantages of JIT

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