Just-in-time (JIT) delivery is a strategy used by many companies to reduce inventory costs. By receiving goods only as they are needed in the production process, companies minimize the costs associated with storing large quantities of inventory. This method requires precise coordination between suppliers and manufacturers to ensure that materials arrive exactly when they are needed.
What is the main advantage of Just-in-time (JIT) delivery according to the passage?
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Increased production speed.
Better coordination between suppliers.
Reduction of inventory storage costs.
Improved customer service.
