A manufacturing strategy aimed at reducing inventory and minimizing waste by receiving goods only as they are needed in the production process.
The Just-In-Time (JIT) methodology focuses on improving efficiency by producing and delivering products only as needed, which reduces the costs associated with excess inventory. This approach is vital for lean manufacturing, where precision in timing and resource allocation can lead to reduced lead times and improved productivity. JIT is particularly significant in industries where storage costs and rapidly changing technology demand agile production processes.
Toyota Motor Corporation uses JIT to minimize inventory levels and ensure parts arrive on the assembly line just before they are required, optimizing production flow.
Automotive manufacturing, where reducing waste and maximizing efficiency are critical to maintaining competitive advantage.
Dell Technologies utilizes JIT to manage component inventories for assembling custom-built computers, enabling them to reduce waste and adapt quickly to consumer demands.
Computer manufacturing, essential for aligning production schedules with rapidly changing technology and consumer preferences.