Just-In-Time (JIT)

If you produce only what you need when you need it, then there is no room for error (Russell and Taylor)

Information about Just-In-Time (JIT)

JIT, often referred to as the Toyota production system (TPS), originated in Toyota’s manufacturing plants in Japan in the early 1970s. It was first introduced by the organisation's owner, Taiichi Ohno. The prime goal of JIT is the achievement of zero inventories, not just within the confines of a single organisation, but ultimately throughout the entire supply chain (Hutchins, 1999). The alternative (old) system became known as just-in-case where manufacturers hold inventory in case it becomes needed due to unexpected developments (The Economist, 2009).

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