Just-In-Time Inventory Systems 1.1. The Concept and Its Practices Just-In-Time (henceforth as JIT) is an integrated manufacturing process developed to attain high-volume production by utilizing the lowest possible levels of inventory. A JIT system sustains parts flow in order that inventories do not build up at any point of the manufacturing process, enabling rapid completion and demanding active management involvement. Further, JIT struggles for sustenance of minimal levels of all types of inventories: raw materials, works-in-progress, …
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showed last 75 words of 2387 total
…century. Initially Eli Whitney, who was the developer of the cotton gin, created and improved the idea of interchangeable parts. Afterward, the legendary Henry Ford modernized the latter concept and produced entire manufacturing strategy out of it, based on the assembly line. Likely, this mass-production concept developed by Henry Ford was used for production of battle equipment in World War. Ultimately this was they manufacturing technique that attracted the Japanese, especially Toyota (Sakakibara et al., 1997).