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What is "Just in Time"? - Whiteboard Wednesday

Learn more at: http://www.fishbowlinventory.com/quic.... What is Just in Time (or JIT)? It is a lean manufacturing process that helps companies keep as little inventory on hand as possible. They only order products when a need arises, and they try to get products to customers as quickly as possible without having to store lots of products in warehouses. This frees up money, space, and other resources that can be put toward more worthy pursuits. You have to be extremely careful when using a JIT model because if anything goes wrong, you don't have much backup to fall back on. So you have to use a very precise inventory management system to keep track of everything. Fishbowl's Whiteboard Wednesday series explains complex inventory management topics in a just a few minutes. Fishbowl is the No. 1 manufacturing and warehouse management solution for QuickBooks users, and it also integrates with Xero.