Operations Management
Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
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Chapter 16, Problem 1DQ

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1. What is JIT?

Expert Solution & Answer
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Summary Introduction

To Explain: Just in Time.

Introduction: JIT is known as Just in time and is a popular approach which is widely used in many industries to cut the cost and expenses. It is a technique which aims to reduce inventory and achieve maximum cost reduction.

Explanation of Solution

JIT:

A manufacturing method that company uses to reduce wastes and improves efficiency by obtaining the materials only when they are needed for production. This reduces the inventory cost and improves the accuracy of forecasting.

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