oh i see, thank you.
But what would JIT be used for/an example of it being used??? can it not be used for perishable goods ??
thanks!!
An example of JIT (Just in Time) is Apple
Once products are ordered online, they are shipped directly from China. This reduces lead times, demands are met quickly, avoids damaging aand/or warehousing costs and it minimises the chance of stock in inventory becoming obselete (where it becomes a liability to the business).
i don't think Jit could be used for perishable goods, as perishable goods by nature have to be stored with certain characteristics (e.g stored below 15 celcius). They have to be stored SOMEWHERE. If the business sells perishable goods then they would need to own the warehouse where the goods were intially stored, hence removing the benefits of JIT. I'm not 100% sure if thats true, but thats just how i reckon it works.