Just-in-Time

Just-in-Time (JIT) is a production and inventory management strategy aimed at reducing waste and improving efficiency. In this approach, materials and products are delivered or produced only when they are needed in the manufacturing process, rather than being stockpiled in advance. This minimizes excess inventory, lowers storage costs, and helps companies respond quickly to customer demands. By synchronizing supply with production schedules, JIT enhances productivity and can lead to better quality products, but requires careful planning and reliable suppliers to be effective.