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JIT Concept and Forecasting

What is the relationship between JIT concept and forecasting? Do the two go hand-in-hand?

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What is the relationship between JIT concept and forecasting? Do the two go hand-in-hand?

Forecasting and JIT goes hand in hand in that both are necessary [planning] parts of a successful business operation. JIT is a form of providing products or services to customers, as the name suggests, "just in time". Jointly, planning is an important part of a manager's job, and this is where forecasting comes in. Forecasts help managers by reducing some of the ...

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This solution of 275 words explains the JIT concept and forecasting and also discusses the relationship of the two variables.

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