Knowledge Base
Insights, expert advice, and industry-leading information to fuel your understanding
Our permanent magnets and magnet assemblies are designed to meet the unique needs of your application. Therefore, as a valued customer, you are assured of quality products, timely service and competitive pricing. Here is a self-serve repository of information pertaining to our magnetic products.
J
Just-In-Time (JIT)
JIT is a stock control method where the business does not store any items, but instead has regular deliveries that bring only what is needed before its existing items run out. Goods would be manufactured and brought into the UK to be held in a UK warehouse to allow for shorter lead times and lower end delivery costs.
Large amounts of capital are not tied up in stock, which instead can be reinvested/spent elsewhere and the reduction of storage space requirements, allows for either smaller premises or for the space to be used by other parts of the business.
JIT unfortunately comes with a number of potential disadvantages, which can have a significant impact on the company if they occur. There is a risk of running out of stock or not having enough product available to meet unexpected orders. It therefore is imperative that there are correct procedures in place to ensure stock can become readily available and quickly if required.