With JIT, you don’t have to worry about unwanted inventory in the event an order gets canceled or is not fulfilled for any other reason. Grocery stores are a good example of businesses that ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

JIT stock control can have disadvantages. For example, there may be times when a business runs out of stock because of late deliveries.