Unlocking the Next Era of Supply Chain Maturity: How AI and Machine Learning Drive Transformation
While foundational theories like Lean Supply Chain Management, Agile Supply Chain, and the Theory of Constraints have long helped businesses streamline operations, AI & ML are emerging as catalysts that can take supply chain maturity to the next level.
Is Just in Time Manufacturing for you?
The JIT system can be especially helpful to small businesses that are just starting out, since it can reduce the amount of capital required to get the business up and running and avoids the business tying up money in unneeded inventory.
The Benefits of Just-in-Time Inventory
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Traditionally, raw materials and inventory of finished goods were considered assets. This notion has changed because of JIT and now inventory is considered as waste or dead investment, incurring additional costs.
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