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Sushanta Maiti February 26, 2022March 23, 2022 0 Comments demand forecasting, inventory management, JIT, kanban, lean manufacturing, management

What is Just-In-Time? [PDF] | Definition, Process, Benefits, Disadvantages, and Example

Just-in-time (JIT) is an inventory management approach in which goods are received from suppliers only as they are required. The main purpose of this strategy is to decrease inventory holding costs and increase inventory turnover.

Management Economics

Sushanta Maiti June 15, 2021August 11, 2021 5 Comments Definition of demand Forecasting, demand forecasting, economics, issues of demand forecasting, management, methods of demand forecasting, principles of demand forecasting, types of demand forecasting

What is Demand Forecasting? (PDF): Definition, Principles, Types, Methods & Issues

Demand forecasting is the systematic process to evaluate future demand for a specific product. Simply put, it allows you to examine the sales scientifically over upcoming weeks, months and years, so that you know exactly how much stock to order and hold at any given time period.