Just-in-time inventory (JIT) enables companies to reduce overall overhead expenses while making sure that parts are still available when manufacturing products. Many businesses use JIT systems to serve customers more effectively while making business more cost-effective.
Whether you’re a new company bringing its first product to the market or a well-established company trying to make the packaging process more efficient, the way you package your product is crucial to your company’s success. There are two main types of packaging that you can use: contract packaging and in-house packaging.
If you’re inadequately managing your inventory or not managing it at all, your business is likely suffering as a result. There are many benefits of inventory management, which can help both your customers and employees.