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Just in time (JIT)

In warehousing, “just in time” is a supply-chain management method with which products are ordered, stored, assembled, or manufactured to fulfill an order just in time. No matter how skilled you are at calculating demand, you will run into incidents where demand exceeds your supply. Many companies store safety stock, or more stock than their predicted demand requires, to cover them when these demand surges occur. The JIT method of inventory management doesn’t use safety stock to cut down on storage costs

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