What is JIT inventory?
This methodology focuses on freeing up capital by holding the minimum amount of inventory on hand, while still allow the business to perform well. The idea is to have inventory only when you need it and not a moment sooner. This allows our customer to build products after they have received an order from their customers, without having to hold massive amounts of inventory on hand.
What is EDI?
EDI or Electronic Data Interchange is the virtual exchange of data or business documents in electronic format between trading partners. This exchange of documents is generally between buyer and supplier and consists of transferring purchase orders, invoices, payments, shipping notices and various other documents and by nature eliminates paper trails, improves operational efficiency and enhances virtual exchanges with new trading partners.
With EDI, any company can virtually interact with another organization anywhere in the world without the hassle of waiting times and forecasting future procedures.