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https://quizlet.com/263394827/chapter-15-supply-chain-and-channel-management-flash-cards/
Just-in-time (JIT) and quick response (QR) both refer to inventory management systems designed to ship smaller quantities more frequently.
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In retailing a just in time delivery system is called a system A cross docking In retailing a just in time delivery system is called
https://www.investopedia.com/terms/j/jit.asp
The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies employ this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs.Author: Caroline Banton
https://saleswarp.com/just-in-time-jit-inventory-management-what-role-does-it-play-for-retailers/
Traditionally, retailers have aimed to carry surplus so they don’t run out of stock and miss out on sales. However, in a time when operating within a budget is a priority objective due to a recovering economy, this isn’t an option. With a JIT model deployed, the ultimate goal would be to have zero inventory,...
https://www.hollingsworthllc.com/how-just-in-time-delivery-affects-supply-chain-management/
Aug 27, 2018 · The speed of order delivery is an increasingly examined aspect of supply chain management, particularly with constantly expanding consumer demands for same- and next-day delivery and other features. Just-In-Time (JIT) delivery is an inventory management strategy that helps facilitate speedier order fulfillment with particular applications in raw materials orders and manufacturing.
https://financial-dictionary.thefreedictionary.com/Just-In-Time+Delivery
Just In Time A supply chain management system designed to reduce carrying costs to a minimum. A firm only orders what it expects for its immediate needs; therefore, it keeps a low inventory. For example, if a retailer believes it will sell 1,000 widgets in a week, it orders precisely 1,000 widgets from its manufacturer. JIT systems require that the ...
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