Just-In-Time Manufacturing
Just-in-Time Manufacturing is a business process that eliminates waste. It is a type of lean manufacturing that focuses on reducing inventory levels, improving efficiency and increasing customer satisfaction. Just-In-Time was pioneered by Toyota Motor Corporation in Japan in the 1950s. Just-In-Time Manufacturing: Definition Just-in-Time Manufacturing is an inventory management system that uses the principle of "make to stock" (rather than "stock to stock"). It originated when Toyota Motor Corporation introduced it as an important component of its production system in 1984. The concept has been widely adopted by manufacturers across many industries, including automotive companies, electronics manufacturers, food producers, pharmaceuticals, chemical companies and other industrial sectors. The Just-In-Time approach is based on the idea that what you don't have today you will need tomorrow — or even sooner. It's about having everything you...