In inventory and operations management, JIT stands for:
AJust In Time
BJoint Industrial Trade
CJob Integration Tool
DJournal Inventory Tracking
Explanation
• Just-In-Time (JIT) is a Japanese manufacturing philosophy designed to produce goods only in exact quantities required, minimizing storage costs and waste.
• Pioneered within the Toyota Production System (TPS), JIT relies on ‘pull’ demand systems and continuous quality improvement.
• JIT utilizes visual workflow triggers known as ‘Kanban’ cards to signal inventory replenishment.
Exam Relevance
- Topic: Operations Management
- Subtopic: Just-In-Time
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