3 key reasons for building JIT/JIC inventory strategy
Whilst the actual reasons for developing a hybrid JIT/JIC inventory strategy may vary by individual business and be dependent on a range of factors (business type, industry vertical, operational capabilities, product mix, risk appetite, supplier networks, digital capabilities, consumer demand, et al.)…
…generally speaking; the 3 key reasons why businesses may seek to build a hybrid JIT/JIC inventory strategy would be to –
- Build a more resilient inventory management & supply chain strategy for the future
- Develop the capability to fulfill unpredictable & asymmetric demand spikes across an omni-channel footprint
- Prevent customer churn & improve/maintain competitive positioning in market
