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 Just in Time Inventory in Todays Business

A business practice that has become very popular over the past ten years is Just in Time inventory. The Just in Time technique involves storing only enough inventory or materials to meet immediate demands, which is particularly effective for a product that has a short manufacturing process. For products with longer, more complex manufacturing processes, in-process inventory is reduced, requiring a great deal of communication between units to coordinate efforts and keep production running smoothly. In either case, Just in Time inventory can present a significant cost savings.

The Just in Time inventory concept was actually first used by Henry Ford in the 1920s. It was his vision that the perfect process would have the raw materials arriving from the dock and going directly to the factory floor for assemblyand then the finished product would roll out the door to be delivered. Of course, this would require that everything goes perfectly and there are no delays in transportation, leading to wasted time on the line waiting for materials. Because nothing is ever perfect, Fords ideal vision is not likely to come to fruition. However, that does not mean you cannot find a compromise, storing only a minimum of materials and inventory as insurance against delays.

The Value of Just in Time Inventory

A major cost of a company that sells a physical product is the cost to store inventory. Storage costs can add up: warehouse space, staff for the warehouse, utilitiesnot to mention the costs associated with inventory loss through theft, spoilage or damage related to storing such as water damage. In most industries in todays business world , products are constantly changing or improving, and storing a large inventory will almost guarantee that your company will be left behind the curve, selling old products after your competitors have moved on. Storing an inventory is a very cost inefficient way to do business.

With Just in Time, all of these costs are greatly reduced or eliminated. Less warehouse space is needed to store your products, and you can say goodbye to throwing away spoiled or damaged goods. What may be more important, you can continually update your product line as needed to keep up with your competitors. When your research and development department makes an improvement on a component, you can integrate the improvements immediately, because you will not have large amounts of the old components to use up first. You will be able to provide your customers with the most up-to-date technology possible, which is great for your reputation.

A Just in Time inventory program is a viable answer for many companies that need to reduce costs and move their businesses faster to keep up with changing customer demands.

About Strategic Profits:

Strategic Profits is a privately held company headquartered in Delray Beach, Fla. Strategic Profits exists to help business and entrepreneurs online and offline with business coaching advice and tools that they need to succeed in the Attention Age. Visit the corporate Web site www.strategicprofits.com for more information or leave your questions and/or comments on Rich Schefren’s blog at www.strategicprofits.com/blog. To download, the free report this article is referencing visit, http://www.strategicprofits.com/newrules.

Strategic Profits is author of this article on internet marketing.

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Affiliate Marketing- A Good Step On the Road to Success.
By Don M.

 Affiliate marketing is a popular first time internet (word1) for budding entrepreneurs. It looks (word2) with no inventory or shipping to worry about. Affiliate marketing is not word8), and only a few college instructors work with Internet marketers to introduce the subject to students majoring in marketing. Affiliate marketing is keeping (word3) the phenomenal growth online. Last year affiliates generated over $4 billion in sales for UK merchant (word5).

Affiliate marketing is representing a company or product on your blog or website by putting an an ad, link, or button up to gain referrals to that particular company. (word4) online (word5) have affiliate programs that are free to join, and it’s as simple as copying and pasting your affiliate code into your site and then driving traffic.

Affiliate marketing is one of the best ways to earn online. It’s also the most competitive. Affiliate marketing is typically being run by affiliate networks and these affiliate networks are composed of two functional bodies, the group affiliates and the group merchants. Each has their special function and role when it comes to affiliate marketing. Affiliate marketing is often called, “performance-based-marketing”, meaning you don’t pay the advertiser until they sell something.

Affiliate marketing is a performance driven (word6) where a merchant has to pay only when a defined goal is achieved. This target can be anything that a merchant has to get done, for example getting conversions, accumulating data, leads generation, getting feedback or anything at all. Affiliate marketing is a win-win situation.

Affiliate marketing is a sophisticated channel that generates anywhere from five to 25% of online sales for many of the worlds biggest brands. Almost all major multi-channel marketers have an affiliate program of some kind. Affiliate Marketing is one of the most cost effective and efficient forms of advertising. It is the concept of empowering other business websites to market your (word1) to a new user base. Affiliate marketing is a good way to get started online. You can start by creating your website, register to affiliate program, ready to go within a few days and you are not required to have your own products or purchasing inventory.

Affiliate marketing is an innovative method of generating visitors and sales via a network of online partners. A merchant with an affiliate network will normally pay their partners commission at the point at which a sale is made. An example of affiliate marketing is the Amazon product links that some people place on their website. Affiliate marketing is one of the most cost efficient methods to promote a business. Generating extra income was never that easy.

Affiliate marketing is one of the best ways for new marketers to get started making money on the internet and is also an excellent source of revenue for experienced marketers too. Affiliate marketing provides many of the benefits of having your own home based (word1) but cuts out quite a lot of the problems of having one. Affiliate marketing is one of the most popular ways for home business owners to promote their (word5). But at the same time, affiliate marketing is a great way for anybody to start a home-based business. Affiliate marketing is one of the most powerful sales tools available. If you make a point to put integrity first that will resonate with your customers and they will think of you as a representative of a trustworthy company.

Choosing an affiliate program that is profitable and easy to market is not always an easy task. When you decide to join an affiliate program, you are electing to promote a specific product or idea to consumers using the internet as your main marketing arena.

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Don M, has been in affiliate marketing for about seven years. Like a whole lot of people, his

experience has been gained through trial and error. (A lot of errors.) His most succesful venture has been with S.F.I. (Success Freedom International), a company that has been on the net since the beginning of time. Like all successful businesses, it has kept evolving and is certainly worth checking or rechecking.

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Monday, September 29th, 2008 at 3:55 am and is filed under internet. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.