Just In Time

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Just In Time

A supply chain management system designed to reduce carrying costs to a minimum. A firm only orders what it expects for its immediate needs; therefore, it keeps a low inventory. For example, if a retailer believes it will sell 1,000 widgets in a week, it orders precisely 1,000 widgets from its manufacturer. JIT systems require that the retailer at the end of the supply chain can accurately predict demand for its products. They also require that each stage of the supply chain knows exactly how much time it takes to fill an order when it is made. The automotive industry and budget retailers commonly use JIT systems. See also: Lead time, Just in case.
References in periodicals archive ?
As President of Tax Executives, Institute's I am writing to express the Institute's concern about a recent technical advice memorandum, relating to the adoption of just-in-time manufacturing techniques.
The prize is named for Shigeo Shingo, a Japanese industrial engineer and automotive consultant, who was a key developer of just-in-time manufacturing techniques.
Maximum productivity in a just-in-time manufacturing system is achieved through reduction or elimination of line-out manufacturing delays, reduced lineside parts delivery times, and reduced inventory space requirements.
He has demonstrated strong leadership skills in successful implementation of just-in-time manufacturing and quality control programs.
Working closely with Kingston's global module manufacturing and order fulfillment facilities on production planning and just-in-time manufacturing enables us to shorten cycle times and deliver the right product at the right time to customers on a worldwide basis.
Flow techniques are also known as lean, agile, continuous-flow and just-in-time manufacturing.
APW Enclosures is a World Class Manufacturing Company having USA facilities in San Jose, Anaheim, Irvine, Hudson, Dallas and Portsmouth and European facilities in Dublin, Ireland for producing custom electronic enclosures for the OEM market using Cellular Manufacturing Systems(TM) and Just-in-Time manufacturing principles.