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Just-in-Time

Ordering stock only as you need it instead of holding large amounts. Frees up cash but leaves no cushion if a supplier is late.

Example

A JIT approach keeps ₹5,00,000 in the bank instead of sitting in a warehouse as unsold stock.

Related terms

Working Capital
The short-term money available to run day-to-day operations — what you own that can quickly become cash, minus what you owe soon.
Lead Time
ऑर्डर देने से लेकर उसे प्राप्त करने तक लगने वाला समय। यदि Lead Time ज्यादा होता है, तो आपको ज्यादा स्टॉक जमा करके रखना पड़ता है।
Inventory
The goods you are holding and have not sold yet. It is cash sitting on a shelf — too little and you miss sales, too much and you are broke but full of stock.

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