Just-in-Time (JIT) production or manufacture paradigm requires the supplies inventory to be maintained at certain threshold level so that the product is built and delivered to the customer just in time. To realize JIT manufacture, the vendor supplier should be able to meet the Takt time or the product assembly time duration of the manufacturer to match the product demand from the customers.
This paradigm is mostly followed by manufacturing businesses to alleviate costs associated with huge inventories and ware housing of finished products. A healthy and happy supply chain is of paramount importance for JIT manufacture to function at optimal speed and efficiency.
P2P Automation fuels the functioning of a highly agile yet robust supply chain such that payments for supplies received are made to the supply chain vendors within stipulated timelines and the next batch of supplies is received, as and when required by the business.