Just In Time
just in time is a method of stock control, it means that a business only holds as little stock as possible and they order stock just in time for it to be used. It limits waste and using this typeof stock control means you would only produce a product if an order has been made. This means suppliers must respond to the business very quickly without any complications
An advantage is that the buisness does not need as much space to store stock, it also limits the stockholding costs as minimal stock is being held
A disadvantage is that the business is less likely to recieve bulk discount and they would have to pay higher transportation costs for more frequent deliveries,the business would also be at risk if they had problems with the suppliers
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