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 ?
Casto added that just-in-time delivery is as valid a concept for in-house operations as it is for shipping parts to customers.
Brink's Armored Car Service proved a letter-perfect practitioner of just-in-time delivery, dropping off 44 kilos of gold to a rogue-computer programmer who disappeared without a trace.
The firm also offers a range of technical services, including material selection and development, molding assistance, mold and part design assistance, agency approval, secondary operations selection, custom packaging, just-in-time delivery and closed loop recycling.
Winn installed CIM for two reasons--to speed just-in-time delivery of stock and custom bottles and to tighten statistical process and quality control (SPC/SQC) for part qualification in an increasingly competitive cosmetic-bottle market.
There are bigger centres that are better fits for just-in-time delivery," he says.
In the automotive industry, the big three (Ford, GM and Daimler-Chrysler) have determined that certain engine cylinder block and head casting production is a core competency from the standpoint of quality, cost and just-in-time delivery and should remain an integral part of their in-house manufacturing.
STI recently introduced a dedicated Small Order Department to serve Midwest fabricators who rely on just-in-time delivery. A highly organized cellular manufacturing concept is the cornerstone of the department's success, allowing orders for custom-compounded silicone materials to be shipped in an average of just three working days.
The development of just-in-time delivery, lead production techniques, early manufacturing involvement, time-based competition, cross-functional teams, and a host of other techniques has honed proces flexibility and responsiveness--and therefore optimized the ability to increase variety without significant jumps in costs.
GlobTek offers high quality custom, modified and stock designs with just-in-time delivery at very competitive prices.
Nychuk is promoting the area's proximity to Toronto (an hour-and-a-half drive away) for just-in-time delivery, nearby tourism destinations, such as Algonquin Park, as well as commercial, industrial and recreational properties for "themed" business development parks.
"But they are just two parts of the equation that helps us achieve the one-piece flow manufacturing and just-in-time delivery that are critical to our success."
The joint venture's services will include specialty painting of wheels, tire mounting and line sequencing of the tire/wheel assemblies for just-in-time delivery to the plants.