Just In Time
Over the past decade, the idea or just-in-time movement has gained broader acceptance in the corporate world. The increasing competition among firms compounded with pressures from the improvement culture of Japan, other companies have been compelled to discover innovative ways of cost cutting and competing.
The notion behind JIT (lean manufacturing) is to get the supplies required by a company at the exact moment when need arises. This objective can only be accomplished when firms engage constantly in seeking value enhancing ways and reduce waste. Recent studies on senior manufacturing executives have shown that over fifty percent employ in their processes some form of JIT.