We have categorized 6 documents as JIT. All documents are displayed on this page.
As Lee Iacocca, former president of the Ford Motor Company, once famously said, "The speed of the leader is the speed of the gang". In today's fast-paced business world, this sentiment rings truer than ever. To remain competitive, companies must continually strive to optimize their Operational Excellence. One tactic that has gained significant traction is Just-In-Time (JIT) inventory management. Originally developed in Japan in the 1970s as a mechanism to manage inventory in the automotive industry, JIT has evolved into a key strategic tool, aiding businesses in numerous realms—from manufacturing to retail to logistics—and driving tangible improvements in Efficiency, Cost Management, Risk Management, and overall Organizational Performance.