Only arises due to this problem besides that, in japanese firm, the concept of keeping the inventory is a big waste in industry based on this problem, heizer j & render b (2006), just in time (jit) is the best strategy to increase the operation especially at the inventory management.
The same period, saw the rise of books and articles with similar concepts and methodologies but with alternative names, including cycle time management, time-based competition, quick-response manufacturing, flow, and pull-based production systems there is more to jit than its usual manufacturing-centered explication. Similarly, a jit process only requests parts from a preceding manufacturing process or from inventory when it needs them, and only in the quantity needed at the time as it has gained traction, jit has been implemented in various industries, not just by automobile manufacturers.
Just in time (jit) inventory is a strategy to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs in other words, jit inventory refers to an inventory management system with objectives of having inventory readily available to meet demand, but not to a point of excess where you must stockpile extra products.
Just-in-time inventory management is a positive cost-cutting inventory management strategy, although it can also lead to stockouts the goal of jit is to improve a company's return on investment by reducing non-essential costs.
The just-in-time inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules companies use this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs.
Just-in-time (jit) inventory management is designed to help streamline your operation, ensure consistent quality and reduce on-site inventory jit is an inventory management system based on placing smaller, more frequent, inventory orders.