Just-in-Time (JIT)

Just-in-Time (JIT) is an inventory management and production strategy where materials, parts, and components are delivered to the production line exactly when needed, not before. The goal is to minimize inventory holding costs, reduce waste, and improve cash flow.

JIT requires highly reliable suppliers, accurate demand forecasting, and efficient logistics. While it reduces warehousing costs, it also increases vulnerability to supply chain disruptions. Understanding a manufacturer’s JIT capabilities is important when planning supply chain strategy through Speya (formerly Find My Factory), especially for companies with lean inventory models.