OPEARATIONS MANAG.REV CUSTOM 2017
OPEARATIONS MANAG.REV CUSTOM 2017
17th Edition
ISBN: 9781323590058
Author: Pearson
Publisher: PEARSON C
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Chapter 16, Problem 1DQ

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1. What is JIT?

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Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY