Sunday, June 8, 2008

Just In Time (JIT):

(iii) Just In Time (JIT): Under this type of Inventory control, the stocking is avoided and it procured as and when required. This also avoids blockage of money and the same money can be used for other productive purposes. But to materialize this type of technique, the important aspects are to be kept in mind i.e., The relationship with the supplier should be very good, the market should be nearer, the infrastructure should be adequate and good, etc

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