Complete 8 page APA formatted essay: OPERATION.
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“Just in Time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in-process inventory and its associated costs.” (Wiki Encyclopedia, 2007). JIT is a division of Lean Manufacturing. It offers scope for reducing inventories and introducing ways and means to improve productivity by planning optimal use of resources by elimination of all activities that do not add value and/or are safety nets, maximum use of scarce resources like capacity, manpower and capital becomes achievable. (road.uww.edu, 2007) It also results in value addition for the customer, improved bottom line, elimination of wastage and enhanced productivity of employees (road.uww.edu, 2007). This is the ultimate objective of Lean Design.
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