Introduction

JIT Introduction The just-in-time (JIT) inventory system was developed in japan after World War II, in an effort to command costs during fiscally challenging economic times (Waguespack and Cantor, 1996). The have it away that faced many a(prenominal) Nipponese companies in the post-War era was to go a way to meet the needs of customers and businesses while utilizing as few resources and as little capital as possible. The Japanese developed these set of techniques in order to control production, square up up unnecessary products and reinvest the valuable capital left from the savings sanction into the business structure (Waguespack and Cantor, 1996).

Much of the success of many Japanese corporations over the past four or five-spot decades has been was relate to the principles of JIT (Chhikara and Weiss, 1995). Premise for JIT The basic premise for JIT is fairly guileless: a company only produces an item when there is a need, or just-in-time for a company or individual to obtain it (Manoocherhi, 1988)....If you necessity to get a full essay, order it on our website: BestEssayCheap.com

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