Just In Time Inventory
Just In Time (JIT) Inventory is a supply chain management methodology that aims to minimize inventory levels by receiving goods only as they are needed in the production process. It reduces waste, storage costs, and capital tied up in inventory by synchronizing material orders with production schedules. This approach relies on precise demand forecasting and efficient logistics to ensure materials arrive exactly when required.
Developers should learn JIT Inventory when working on systems for manufacturing, logistics, or e-commerce platforms that require optimized inventory management. It is particularly useful for reducing operational costs, improving cash flow, and enhancing supply chain responsiveness in industries with predictable demand patterns. Understanding JIT helps in designing software that supports real-time inventory tracking, automated ordering, and integration with production systems.