Just in Time (JIT)

Just in Time is an inventory management system wherein required raw materials are brought in just in time for production.

What is Just in Time (JIT) ?
Just in Time is an inventory control and management system whereby material flow into manufacturing plants is aligned with production schedules. JIT helps reduce waste and inventory costs by bringing in materials only when needed. In addition, companies relying on the JIT system places orders for their raw materials depending on customer demands.