just in time (jit) inventory system

What are the Benefits of JIT for Entrepreneurs?


Cost Reduction: JIT can significantly lower operational costs by reducing storage needs, inventory holding costs, and waste.
Improved Cash Flow: Less capital is tied up in unsold inventory, which can be crucial for cash-strapped startups.
Increased Efficiency: Streamlined operations and better coordination with suppliers can lead to more efficient production processes.
Enhanced Customer Satisfaction: Faster response times to customer demands can improve satisfaction and loyalty.

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