Just In Time (JIT). This inventory strategy is a lean methodology that provides for the delivery of material or product at the exact time and place where it will be used. When this system is implemented, there is a reduction of in-process inventory and its related costs, which in turn, can dramatically increase the return on investment, quality and efficiency of an organization. JIT uses some form of kanban to execute a “pull” system.
Just In Time (JIT) Lessons Learned & Best Practices
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Related keywords: Quality, Continuous improvement, continual improvement, continuous quality improvement, ISO, ISO14001, Just in Time, Kaizen, 5S, Kanban, Lean Manufacturing, SixSigma, Total Quality Management, Performance Management.