Introduction:
Just-In-Time (JIT) inventory management is a strategy that aims to minimize inventory levels and associated carrying costs while maintaining a smooth flow of materials and finished goods throughout the supply chain. By reducing the amount of inventory on hand, companies can free up cash, reduce waste, and respond more quickly to changes in customer demand. In this article, we will explore the steps and strategies for implementing JIT inventory management, along with a relevant case study to illustrate the benefits of this approach.
