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Just-in-Time (JIT)Inventory
Just-in-Time is a management philosophy that strives to eliminate
sources of manufacturing waste by producing the right part in the
right place at the right time.
Waste results from any activity that adds
cost without adding value. Hampden Moving & Storage can show you
solutions to move
inventory close to end users, thus eliminating precious shipping
time.
JIT (also known as lean production or stockless production) should
improve profits and return on investment by reducing inventory
levels (increasing the inventory turnover rate), improving product
quality, reducing production and delivery lead times, and reducing
other costs (such as those associated with machine setup and equipment
breakdown).
Over the last ten years, virtually every company has taken steps
to reduce costs associated with holding inventory. The challenge
in making appropriate inventory decisions is to clearly understand
all the costs associated with holding inventory. Hampden Moving
& Storage is dedicated to help assess inventory carrying costs
using data collected from hundreds of businesses.
Call Hampden Moving & Storage for full details or email
us to request more information.
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