Supply Chain Efficiency

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August 31, 2024 3 min read Definitions

Just-in-Time (JIT) Inventory: Efficient Inventory Management

Inventory Management Supply Chain Business Strategies Just-in-Time Inventory Management Supply Chain Efficiency Lean Manufacturing Business Strategies

Just-in-Time (JIT) Inventory is an inventory management strategy that reduces dead stock by ordering goods only as they are needed, thereby increasing efficiency and decreasing waste.

August 25, 2024 4 min read Definitions

Lead Time: Understanding the Lag Time in Order Fulfillment

Supply Chain Management Inventory Control Lead Time Order Fulfillment JIT Inventory Management Supply Chain Efficiency

Lead time refers to the delay between the placement of an order and its actual receipt. Learn how Just-In-Time Inventory Control (JIT) can reduce lead time.