The concept of “just-in-time” refers to a method of supply chain management that aims to reduce costs and improve efficiency by eliminating unnecessary inventory. This method involves producing or delivering products just in time, in precise quantities, to meet immediate customer demand. In other words, just-in-time means that production or delivery is synchronised with actual demand, thus avoiding the costs associated with managing large stocks. This approach involves close collaboration between the different actors in the supply chain, such as suppliers, manufacturers and distributors, to ensure that products are delivered…
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Supply Chain dictionary : Dead or dormant stock
Discover this week, what is a dead or dormant stock and its impact on your company’s supply chain. Dictionary-deadstock
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What is Supply Chain Collaboration (SCC)? The answer in this first issue of our column Dictionary-GPA
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