Is Just in Time Manufacturing for you?
The JIT system can be especially helpful to small businesses that are just starting out, since it can reduce the amount of capital required to get the business up and running and avoids the business tying up money in unneeded inventory.
The Benefits of Just-in-Time Inventory
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Traditionally, raw materials and inventory of finished goods were considered assets. This notion has changed because of JIT and now inventory is considered as waste or dead investment, incurring additional costs.
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