Just in Time is a production strategy that aims to reduce cost and inventory by implementing a just-in-time (JIT) system. The idea behind JIT is that if you produce only when you need something, then there will be less waste and less risk of stockouts.

The JIT method relies on suppliers providing parts or services to manufacturers only when those parts or services are needed. This means that the manufacturer will not have any excess inventory on hand, but it also means that they'll need to be able to respond quickly if they run out of stock.

The JIT method was developed by Toyota founder Taiichi Ohno as an alternative to traditional methods of manufacturing, which were characterized by excess inventory and large amounts of cash tied up in slow-moving parts. The goal of JIT is to reduce the amount of money invested in inventory while maintaining productivity levels.

Under this method, suppliers deliver parts just before they are needed at the production line. This allows manufacturers to maintain a small inventory of parts at all times and avoid overproduction. It also helps ensure that the parts delivered are exactly what's needed without waste or excess costs associated with inventory shrinkage caused by theft or damage during storage periods between deliveries.

Just in Time (JIT) is a process that aims to eliminate waste, improve quality and reduce costs. It is a production method that focuses on meeting customer demand with the right amount of inventory at the right time.

The JIT approach was developed by Toyota Motor Corporation in Japan in the 1950s. It has been adopted by many companies worldwide because of its benefits to the company's bottom line and its customers.

Under this method, you can reduce inventory costs by reducing the amount of money you spend on raw materials and finished goods. You also reduce your need for storage space, which helps save you money on rent or mortgage payments for a warehouse or other storage space.

You also have better control over your production schedule because more efficient use of your plant's capacity means you can produce more products in less time; this means more profit for your business!

There are a few rules to using this method:

1. Make sure you have all of the necessary parts in your inventory at all times, so that you don't have to wait for them to be delivered. This will help reduce waste, because when you order more parts than you need, it adds to your inventory's overall cost.

2. Order new parts only as they are needed, so that you always have just enough on hand to get the job done. If you order too many at once, they'll go bad before they're used up; if you order too few at once (and then run out), you've wasted money and time waiting for new shipments that never come!

With JIT, there are several steps:

1. A company must determine what it needs to produce and when it needs to produce it. It does this by forecasting sales and production requirements on a daily basis using statistical analysis.

2. The company must then plan its production schedule around these forecasts so that they can meet customer demand without overproducing or underproducing goods during any given period of time.

3. Finally, the company has to coordinate logistics so that they can deliver goods when they're needed while still ensuring quality control throughout the entire process!

Just in Time (JIT) is a technique that was developed to help companies achieve higher quality in the manufacturing process.

In order to achieve JIT, all of the steps that are required to make a product must be performed by one person or company, and each step must be carefully timed so that nothing is wasted. This can be done with an assembly line, where each worker performs just one part of the process, but it can also be done with individuals who work together.

By creating this system, companies have been able to reduce their costs by reducing waste and rework, because mistakes are easier to identify and fix when there's only one person involved in the creation of a product. They've also been able to increase the efficiency of their operations by ensuring that every step happens at exactly the right time.

Just in Time is a system that aims to improve quality by reducing the amount of inventory kept on hand. It involves having suppliers deliver parts only when they are needed, rather than storing them at a warehouse. This saves both money and space.

Just in Time (JIT) manufacturing is a business management strategy that focuses on reducing waste and maximizing efficiency by producing only what is needed, when it is needed. It was first conceived in Japan in the early 1960s and has since been adopted by companies around the world. It can be used to produce any product or service.

Companies use JIT to improve their operational effectiveness and efficiency by reducing inventory costs and decreasing the time between placing an order and receiving goods or services.

Just in Time method is needed when a company has the following characteristics:

• The company is operating in a volatile or unpredictable market.
• The company has a high level of inventory and wants to reduce it.
• The company has limited storage space and wants to reduce it.

Just in Time is a manufacturing strategy that seeks to eliminate waste by producing only the exact amount of materials needed at any given time. It is a form of lean manufacturing that focuses on eliminating excess inventory and reducing costs.

While this approach can be beneficial for many businesses, it's not appropriate for every situation. In some cases, it may be more efficient to have a larger amount of inventory on hand than to produce small batches as needed. For example, if you're running an e-commerce business and need to ship products out quickly without having any extra stock sitting around, then just-in-time could be an effective strategy for you.

When Just in Time method is needed:

• When inventory costs are too high.
• When there is a high risk of obsolescence.
• When there is a need for fast response to customer demand.