JIT: Just-in-Time Manufacturing
Just-In-Time is the practice that requires the consumption of resources at the last possible moment relative to production for customer demand. This requires the elimination of all waste - all the non-value added activities that take place in the total manufacturing, distribution and purchasing processes.
The emphasis of a J-I-T program is on minimization of warehousing costs/reduced inventories, frequent shipments and short delivery lead times. Management must adopt a method of inventory control which features high inventory turns and low safety stocks. This is just the opposite of a c…
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