Just-in-time or JIT is a concept from manufacturing, more specifically from the discipline of supply chain management that is designed to reduce a manufacturer’s costs and increase ef
ficiency by improving the flow of supplies and goods, reducing the amount of in-process inventory that is purchased and stored, and more effectively aligns production, (and production workers), with customer demand.
Essentially, JIT can be simplified as a process where component parts inventories are kept extremely low, production is raised or lowered to match ebbs and flows of customer demand…
Read the whole post over at Steve Boese’s HR Technology Journal (an FOT contributor blog).
