In every business in the world, they have their own inventory system that they use in order to monitor the products or services they purchase or hire. Today, various types of inventory systems are available for you to choose from. One of the most-used inventory systems in the world today is just in time inventory.
This is actually the production and inventory wherein the materials are bought and used in manufacturing products. This inventory system offers a lot of advantages, but also has some disadvantages similar to other types of inventory systems. However, the advantages of this inventory system are more compared to the disadvantages. In fact, most features of this system are beneficial for the business. Continue reading