jit inventory

How to Implement JIT Inventory in a New Business?

For new businesses, the implementation of JIT inventory involves several steps:
Supplier Relationships: Establish strong relationships with reliable suppliers who can deliver materials on short notice.
Technology Investment: Invest in inventory management software to track stock levels and automate ordering processes.
Demand Forecasting: Develop robust forecasting models to predict demand accurately.
Continuous Improvement: Regularly review and optimize production processes to maintain efficiency and minimize waste.

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