Advantages of JIT
inventory System
The Just in time
inventory system focus to order inventory when it is required.This
system has number of advantages which includes the following
Holding Cost is Reduced
The main advantage is the holding cost which
includes ware house cost, insurance cost etc are reduced.
Risk of physical Damage Reduced
There are number of physical risk attached to
inventory such as fire , earthquake . with introduction of this system
these risks are reduced.
Better Control over inventory
This system improves organization control over
the inventory.
No comments:
Post a Comment