Just-in-time (JIT) is a concept used in supply chain management to optimize efficiency and minimize inventory holding costs. It aims to deliver the right quantity of products at the right time to meet customer demand.
In the JIT approach, inventory is seen as waste, and the goal is to eliminate any excess or unnecessary stock.
Instead, materials and components are received from suppliers just in time for production or assembly, reducing the need for extensive warehousing.
This approach requires close collaboration between suppliers and manufacturers, as well as efficient logistics processes.
