2. Just-in-time(JIT) is an
inventory strategy companies employ to
increase efficiency and decrease waste by
receiving goods only as they are needed in the
production process,thereby reducing inventory
costs.
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3. JIT is a manufacturing philosophy
involving an integrated set of
procedures/activities designed to achieve a
high volume of production using minimal
inventories.
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4. Evolved in Japan after world war2,as a result
of their diminishing market share in the auto
industry.
Toyota motor company –birthplace of the JIT
philosophy under Taiichi Ohno.
JIT is now on the rise in American Industries.
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6. Produce only the products the customer
wants.
Produce with perfect quality.
Produce products with only those features the
customer wants.
Produce with minimum lead time.
Produce with no waste of labour,material or
equipment every movement must have a
purpose so that there is zero idle inventory.
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