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Describe the JIT and just-in-case concepts of manufacturing inventory management.

Describe the JIT and just-in-case concepts of manufacturing inventory management.

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Just-in-time inventory management: It is an inventory management system which orders parts or intermediaries from suppliers only as required to meet the immediate customer demand. In this process then item arrive and processed in order to shipped to the customer

Just -in- Case: It is the process of maintaining large inventories to reduce the risk of back orders in the face of supply and demand uncertainties. It can be able to manage the other risk related to transportation, fuel issue, and any other factors just in case but not let the production hampers.

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