What is Just-In-Time (JIT) Procurement?
Introduction Just-In-Time (JIT) procurement is a strategy designed to enhance efficiency and reduce waste by receiving goods only as they are needed. This method minimizes inventory holding costs, reduces waste, and ensures businesses can adapt quickly to changes in demand. Why JIT Procurement Matters? 1. Cost Reduction 2. Improved Efficiency 3. Greater Flexibility Key Strategies […]