Traditional Culture Encyclopedia - Traditional customs - What's the difference between jit procurement and traditional procurement? What are the advantages of jit procurement?

What's the difference between jit procurement and traditional procurement? What are the advantages of jit procurement?

The biggest advantage lies in improving the capital turnover rate and production efficiency.

By increasing the capital turnover rate, it can also indirectly improve the management process of various departments of the company.

The implementation of JIT procurement can solve the problem that the company's production personnel do not work because the purchased parts are not available. Solve the purchasing problem.

Is it implemented in ERP? If not, implementation may require standardization of the process.