JIT is especially suited to high-volume production where uniform PRODUCTION-LINE OR ASSEMBLY-LINE schedules are operated on a continuous basis. Key elements in the successful application of JIT systems are:
The advantages of JIT include the reduction of stockholding costs; reduced space requirements; and faster manufacturing rates. On the other hand, JIT systems leave the firm more vulnerable to production losses occasioned by delivery hold ups or component defects. See PRODUCTION SCHEDULING, MATERIALS REQUIREMENTS PLANNING, MATERIALS PLANNING, LEAN MANUFACTURING, ANDON, OPTIMIZED PRODUCTION TECHNOLOGY. See also KAIZAN, JIDOKA, SUPPLIER DEVELOPMENT.