The objective of this paper is to give a summarization of the definition; the advantages and disadvantages; ordering systems; and decision making that goes into the Just -In-Time inventory control system. Definition and History Just-In-Time (JIT) is a process for optimizing manufacturing processes by eliminating waste including wasted steps, wasted materials, and excess inventory (Damiano, 2004). The Just-in-Time Inventory (JIT) concept was developed in the 1950's by Taiichi Ohno who was employed by the Japanese Toyota …
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showed last 75 words of 2864 total
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