The Justintime (JIT) inventory strategy is an inventory management strategy that aims to have as much finished product or intermediate goods as required by a company at the right time, thus reducing inventory costs and wastes without negatively impacting customer supply. JustInTime (JIT) is an integrated set of activities designed to achieve high volume production with minimal inventory as parts arrive at a work station exactly when they are needed (Jacobs and Chase, 2011).
A Research paper on" Just in time Manufacturing". Just In Time or as abbreviated JIT is a strategy that companies employ hoping to increase the efficiency and altogether decrease the waste they produce. Term Paper JustInTime JIT and Lean Manufacturing and 90, 000 more term papers written by professionals and your peers.
new philosophy named JustinTime. Its impact was so substantial in the US market that it forced the US companies to at least try and understand what they were doing.
Concept of JustInTime (JIT) JustInTime (JIT) is defined by Bozarth& Handfield in Introduction to Operations and Supply Chain Management, 2008 as a philosophy of manufacturing based on planned elimination of all waste and on continuous improvement of Essay on Just In Time Inventory System (JIT) Introduction The justintime (JIT) inventory system was developed in Japan after World War II, in an effort to control costs during fiscally challenging economic times (Waguespack and Cantor, 1996).
JustInTime (JIT) Production Justintime production is considered to be on the leading edge of technological advancement. Justintime is a management philosophy that strives to eliminate sources of manufacturing waste by producing the right part in the right place at the right time.