China: just-in-time logistics costs 2013-2020

The just-in-time (JIT) logistics costs in China were forecast to amount to over 170 billion yuan 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 costs of just-in-time logistics industry in China from 2013 to 2020 (in billion yuan)

Characteristic	Costs in billion yuan
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Release date

August 2019

More information

Region

China

Survey time period

2013 to 2018

Supplementary notes

*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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