CEO of CargoQuotes, Kevin Brandes Discusses the Benefits of JIT Inventory
<p>In decades past, manufacturers relied heavily on what is now described as a just in case (JIC) philosophy. The JIC model of acquiring and storing loads of excess parts and materials for later use made a lot of sense at the time according to Kevin Brandes, the CEO of logistics brokerage CargoQuotes, given how much less robust and efficient the shipping industry was.</p>
<p>With its small, densely-populated landmass and well-developed infrastructure, Japan was the perfect breeding ground for a new, more efficient logistics model that was developed by Toyota in the 1970’s called just in time (JIT). Rather than maintaining an abundance of on-site materials, deliveries are instead timed to replace materials right as they’re about to run out.</p>
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