just-in-time inventory management

Yes, ERP software can support just-in-time (JIT) inventory management. JIT is a supply chain management strategy that aims to reduce inventory carrying costs by ordering and receiving materials only when needed for production. ERP systems have features and modules specifically designed to support JIT inventory management. These features include real-time inventory tracking, demand forecasting, production planning, and streamlined procurement processes. By leveraging these capabilities, ERP software enables businesses to efficiently implement and maintain a JIT inventory management system, resulting in cost savings, improved production efficiency, and better customer satisfaction.