Highlighting the key benefits of JIT & JIC inventory models
Both Just-In-Time – JIT & Just-In-Case – JIC inventory management strategies present their own distinct value propositions as well as unique sets of challenges
Whilst the JIT inventory model’s minimal-zero inventory philosophy scores big points for freeing up capital, saving real-estate space, reducing waste as well as providing better obsolescence control…
…JIC inventory model’s cushion inventory philosophy scores points for dampening a variety of potential supply chain, operational & market risks and possibly even contributing towards better customer retention & CX goals