While traditional strategies are fundamental, the current supply chain landscape requires a more agile approach to inventory management.

Just in time (JIT) inventory control systems occur when a business holds no stock and instead relies upon deliveries of raw materials and components to arrive exactly when they are needed.

The Just-in-Time (JIT) inventory strategy aims to reduce inventory costs by ordering and producing goods only as needed to meet customer demand, not sooner. This approach minimizes the storage and ...

Inventory management can play a significant role in promoting sustainability within businesses and supply chains.

JIT stock control can have disadvantages. For example, there may be times when a business runs out of stock because of late deliveries.

Investopedia / Jiaqi Zhou Kanban is an inventory control system used in just-in-time (JIT) manufacturing. It was developed by Taiichi Ohno, an industrial engineer at Toyota, and takes its name ...