The just-in-time (JIT) logistics order size in China was forecast to amount to over 24 billion pieces by 2020. JIT is a strategy of companies to order from suppliers only when orders from clients were received, so as to increase efficiency and reduce inventory costs.
Total order size of just-in-time logistics industry in China from 2013 to 2020
(in billion pieces)
*Estimates.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of September 2019).
According to Investopedia, just-in-time (JIT) inventory system is a management strategy aligning raw material orders from suppliers with the real time orders, for improved efficiency and reduction of inventory costs.
According to source, the order size includes the amount of the orders delivered by self-built system of platform-based companies and the amount of the orders stipulated by third-party logistics companies.
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iResearch. (August 9, 2019). Total order size of just-in-time logistics industry in China from 2013 to 2020 (in billion pieces) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1051591/china-just-in-time-logistics-order-size/
iResearch. "Total order size of just-in-time logistics industry in China from 2013 to 2020 (in billion pieces)." Chart. August 9, 2019. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1051591/china-just-in-time-logistics-order-size/
iResearch. (2019). Total order size of just-in-time logistics industry in China from 2013 to 2020 (in billion pieces). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1051591/china-just-in-time-logistics-order-size/
iResearch. "Total Order Size of Just-in-time Logistics Industry in China from 2013 to 2020 (in Billion Pieces)." Statista, Statista Inc., 9 Aug 2019, https://www.statista.com/statistics/1051591/china-just-in-time-logistics-order-size/
iResearch, Total order size of just-in-time logistics industry in China from 2013 to 2020 (in billion pieces) Statista, https://www.statista.com/statistics/1051591/china-just-in-time-logistics-order-size/ (last visited December 21, 2024)
Total order size of just-in-time logistics industry in China from 2013 to 2020 (in billion pieces) [Graph], iResearch, August 9, 2019. [Online]. Available: https://www.statista.com/statistics/1051591/china-just-in-time-logistics-order-size/
