Just-in-Time (JIT)
– Is a Japanese approach to inventory management that
reduces order sizes and times orders so that goods
arrive as close to the time they are needed as possible.
– Minimizes a business’s dependence on inventory and
cuts the costs of moving and storing goods.
– Is used more by producers than by retailers.
– Requires that everyone involved must be able to do
what they say they can, when they say they can do it.