Quick Definition

Just In Time (JIT) is a management strategy that aligns raw-material orders from suppliers directly with production schedules to minimize inventory costs and increase efficiency.

Examples

• 1A car manufacturer orders parts for assembly only when a customer places an order, reducing the need for large storage spaces.
• 2A fast-food restaurant prepares meals based on real-time orders rather than pre-cooking large quantities, ensuring freshness and reducing waste.
• 3An electronics company orders components for their devices only after receiving orders, thus avoiding excess inventory that might become obsolete.

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