Businesses in different industries - such as retail, apparel, food and restaurant, luxury products, etc. The JIT inventory system sees inventory as a liability that takes money away from your company.Īs you’ll learn shortly, many e-commerce retail companies - for example, Walmart - deploy JIT inventory management to increase savings in inventory storage and streamline their processes. JIT inventory directly contrasts with other inventory methods, where businesses store extra stock just in case they experience an unexpected increase in demand for their product. This strategy enables you to keep low inventory, increase efficiency and decrease waste. With JIT, you only purchase and receive items when you need them to fulfill your customers’ orders. JIT is an inventory management technique that enables manufacturers and e-commerce retailers to align their supply schedules with their customers’ demands. Software like Finale Inventory can help you set up and enjoy the benefits of this efficient system. Whether you already adopt just-in-time inventory in your e-commerce business, are preparing to set up a JIT inventory system or want to learn more about the just-in-time inventory method, this article is for you.Ĭompanies that succeed with JIT inventory have the right software integrated into their e-commerce inventory and order fulfillment processes. But for this article, we’ll focus more on the e-commerce industry and how it can improve your e-commerce inventory management and order fulfillment. What kind of business does the JIT model work best for?Īs you’ll discover, businesses in different industries adopt the just-in-time method.
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