JIT can be defined as an operational approach designed to eliminate waste and foster continuous improvement of productivity. Waste is defined as anything other than the minimum amount of equipment, materials, parts, space, and human capital time which are absolutely essential to add value to a product or service. Specifically, inventory levels are intended to be kept to an absolute minimum, ideally moving one unit a time in response of actual customer orders while eliminating waste from the process.
JIT can be defined as an operational approach designed to eliminate waste and foster continuous improvement of productivity. Waste is defined as anything other than the minimum amount of equipment, materials, parts, space, and human capital time which are absolutely essential to add value to a product or service. Specifically, inventory levels are intended to be kept to an absolute minimum, ideally moving one unit a time in response of actual customer orders while eliminating waste from the process.
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