What is Just-in-Time?

Definition: Just-in-Time (JIT) is a logistics and production concept where materials and components are delivered or produced exactly when needed. 

This means that materials or products are delivered exactly when needed, minimizing inventory and reducing storage costs.

What is the goal of the "Just-in-Time" concept?

The goal of this approach is to minimize inventory and maximize production efficiency.

What are the benefits of the "Just-in-Time" concept?

By implementing Just-in-Time, companies can reduce inventory costs, improve cash flow, and make production more flexible and responsive.

What are the disadvantages of the "Just-in-Time" concept?

JIT requires precise planning and a reliable supply chain to avoid downtime or production bottlenecks.