By Rachel Hartman Ongoing disruptions in America’s supply chains have prompted manufacturers to review and modify their inventory management systems. Just-in-time (JIT) inventory management, which calls for the right amount of inventory at the right time, has long been the standard. However, just-in-case (JIC), a system which focuses on keeping extra inventory on hand, has recently gained […]
Tag: Inventory
Inventory or stock refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilization. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods.