Just-In-Time Inventory System
Now-a-days organizations are becoming more and
more interested in getting potential gains from making smaller and more
frequent purchase orders. In other
words, they are becoming interested in just-in-time purchasing system.
In Just-In-Time system the materials arrive
exactly when they are needed in the production process. Inventory remaining in warehouse collects
dust and cost instead of revenue.
Just-In-Time system avoids this cost.
No comments:
Post a Comment