There are several reasons why JIT Inventory can be beneficial for entrepreneurs:
Cost Savings: Reducing inventory holding costs can free up capital for other business investments. Efficiency: Streamlining the production process can lead to faster turnaround times and improved customer satisfaction. Flexibility: JIT allows businesses to quickly adapt to changes in market demand without the burden of excess inventory. Waste Reduction: Minimizing overproduction and excess inventory helps reduce waste, contributing to more sustainable business practices.