What is JIT Manufacturing?
Just in time, or JIT, manufacturing is a business strategy that helps to minimize inventory while still supplying product to consumers in a timely manner. By operating with a business model that allows raw materials to enter the production process as soon as they arrive at the factory, the business does not have to maintain storage areas for large supplies of raw goods. A business using JIT is also likely to pay less taxes on goods in process, and never has to worry about the costs involved with maintaining a large finished goods inventory. At the same time, careful planning with a JIT manufacturing model also means that orders are filled quickly and do not create problems for customers.
