What is Just in Time Manufacturing (JIT)?

JIT inventory ensures that you have adequate inventory to manufacture only what you require, when you require it. The goal is to accomplish high volume production while keeping inventory to a minimum and reducing waste.

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The key elements of JIT include continuous improvement (i.e., reducing defects), waste elimination, workplace cleanliness, setup time reduction, and levelled/mixed production.

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JIT, or just-in-time manufacturing, is a production and inventory management strategy in which resources are purchased and units are manufactured only as needed to satisfy actual consumer demand. In a Just-In-Time manufacturing system, inventories are kept to a bare minimum, if not zero. Some advantages of JIT manufacturing include enhanced productivity, reduction in storage costs, and waste elimination.

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A just-in-time (JIT) inventory system is a business management method that allows a company to get items as close to when they are needed as feasible. JIT tactics are used by many mass-market retailers to save inventory costs and supply huge volumes of items to customers at precisely the right time. Big-box stores like Target Corporation and Walmart Inc., for example, time the arrival of seasonal inventory to coincide with the peak in demand for specific items. As the season draws to a close and demand drops, shelves are emptied to make place for the following season’s offerings.

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