Question

what is JIT ?how it helps?

Answer 1

hi..........

Advantages of just in time inventory management. ... Smaller investments: JIT inventory management is ideal for smaller companies that don't have the funds available to purchase huge amounts of stock at once. Ordering stock as and when it's needed helps to maintain a healthy cash flow.

Answer 2

JIT is an inventory management system whereby materials,goods and labour are scheduled to arrive or to be replenished exactly when needed in the production process.
It helps to decrease costs by keeping only enough inventory on hand to meet immediate production need.