Just in time (JIT) inventory control systems occur when a business holds no stock and instead relies upon deliveries of raw materials and components to arrive exactly when they are needed.

JIT stock control can have disadvantages. For example, there may be times when a business runs out of stock because of late deliveries. Businesses have to decide whether the advantages of JIT ...

Investopedia / Jiaqi Zhou Kanban is an inventory control system used in just-in-time (JIT) manufacturing. It was developed by Taiichi Ohno, an industrial engineer at Toyota, and takes its name ...