JIT (Just-In-Time) Production

Just-In-Time (JIT) Production is a manufacturing strategy designed to reduce waste and increase efficiency by producing goods only as they are needed, rather than in large batches. This approach minimizes inventory costs since items are made in response to actual demand, rather than being stockpiled in advance. JIT relies on precise timing and coordination in the supply chain to ensure that materials arrive just when needed for production. This method helps companies be more responsive to customer needs, lowers storage costs, and reduces the risk of overproduction or obsolescence of products.