Is the process of managing inventory to minimize on-hand requirements and holding cost while increasing turns.

Benefits of JIT inventory programs include:

• Lower inventory holding costs

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  Reduced cycle time

• Minimized freight costs

• Reduced product obsolescence and damage

• Single delivery

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  Lower warehouse infrastructure costs and overhead

Just In Time - a continuous improvement methodology. JIT is the spiritual home of "lean" techniques.

It is important to note that kanban is only 5% of JIT. It is not the same thing. The cornerstones and evils addressed by JIT are the Japanese terms:

• miri excess stock reduction

• muda waste, zero setup/defects

• mura unevenness, lead time reduction

The concept of reducing inventories by working closely with one's suppliers to coordinate delivery of materials just before their use in the manufacturing process. The movement of merchandise or part finished stock to the next point in the supply chain as it is required for consumption or use. In its widest context ‘just-in-time’ is also used to describe the philosophy of short lead times and low inventory levels within the supply chain. An optimal material requirement planning system for a manufacturing process in which there is little or no manufacturing material inventory on hand at the manufacturing site and little or no incoming inspection.