Just In Time
- Created by: lottie.auf
- Created on: 10-01-24 17:25
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- Just in time
- the good
- lean inventory
- not storing lots of things and wasting money on stuff that isnt making you any money
- free up capital
- can be invested in other ares
- keeps you on task
- when you're making something the moment that order comes in you know what you're doing and why
- lean inventory
- the bad
- vendor priorites
- if you're not one of their main buyers if there is a problem on the vendors end it can mean products wont come to you first
- seasons
- difficult to predict what will happen season-wise with weather and buying habits
- vendor priorites
- only works when
- fixed bom
- bills of material
- only make a few select products
- able to scale/ramp up very quickly
- constant demand rather than trying to fight seasonality
- dedicated vendor
- Untitled
- fixed bom
- the good
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