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 ?
He argued that the apex court had allowed NAB to utilise relevant material from the JIT report for preparing the references and, hence, a NAB investigation officer was supposed to conduct an investigation and re-examine the related record but the bureau had attached the JIT report and its voluminous annexure consisting about 6,000 pages to each of the three references.
DIG Farooqi also formed a JIT headed by CTD SSP Pervez Chandio.
On February 12, the Sindh Home Department formed a new JIT to probe the murder case on the instructions of Chief Minister Murad Ali Shah.
The first JIT formed to probe the killing, headed by CTD acting DIG Pervez Ahmed Chandio, had stopped its proceedings at the end of January after recording statements of different persons.
The court said the case was forwarded to JIT due to unsatisfactory arguments by the Sharif family.
He said if the prime minister and his sons could appear before the JIT then why Imran Khan was reluctant to appear before the courts.
The objective of this article is to show that the principles of JIT in manufacturing can be used to improve new product development (NPD) process.
We identify JIT adopters and match them with non-adopting firms, comparing changes in their respective financial performances from a three-year pre-adoption period to a three-year post-adoption period.
Eliminating non-value-added costs, such as defective materials, in-process inventories, and delays, JIT simplifies the entire manufacturing system and improves long-term productivity.
Several manufacturers have bypassed the obstacles and adapted JIT to fit their individual needs, deriving benefits along the way.
JIT is designed to virtually eliminate the need to hold items in inventory.
The role of transportation in JIT is especially critical when long supply line logistics channels are involved.