Just-In-Time (JIT) procurement

Procurement glossary

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What is Just-In-Time (JIT) procurement?

A supply chain management strategy where materials or goods are ordered and received only as they are needed. This approach relies on accurate demand forecasting, reliable suppliers, and efficient logistics to ensure timely delivery. JIT procurement helps organizations reduce storage costs, minimize waste, and improve cash flow.

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Just-In-Time (JIT) procurement

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