Just in time
What is it?
Delivers as fast as stock sells
at least 2-3 deliveries per week
How does it work?
Delivers as fast as products are sold
item is decreased by 1 each time an item is sold
Checked against reorder level
Automatic request to supplier once below this level
Stock is delivered
Advantages
Dont need a warehouse to store the stock
More able to adapt to demand
Easier to cope with small deliveries
Dont run out of fast selling items
Less risk of out-of-date
Disadvantages
Expensive to introduce
More staff needed
Cant respond to unusual demand
distruption to transport