JUST-IN-TIME.docVIP

JUST-IN-TIME To gain and maintain a competitive advantage, firms are using the just-in-time JIT philosophy, which is to eliminate waste by cutting unnecessary inventory and removing delays in operations. The goals are to produce goods and services as needed and to continuously improve the value-added benefits of operations. A JIT system is the organization of resources, information flows, and decision rules that can enable an organization to realize the benefits of the JIT philosophy. Often a crisis such as being faced with going out of business or closing a plant galvanizes management and