Just-in-Time - What are the benefits of just in time?

Q: What are the benefits of just in time?

The JIT process adds value by increasing efficiency. The most important benefit of JIT is the elimination of raw material, inventory and product storage costs. Traditionally, raw materials and inventory of finished goods were considered assets.

Answer

Efficiency is the key to the JIT process's value addition. The biggest perk of JIT is that it gets rid of storage fees for products, inventories, and raw materials. Finished goods inventories and raw materials were traditionally seen as assets.

Just-in-Time - What are the benefits of just in time?

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