The Just‐In‐Time (JIT) was found to be a management philosophy. Two main principles that JIT relies on are the elimination of waste and the complete utilization of capabilities of people. The crucial points will be touched upon and will help determine the advantages along with the disadvantages of the new method. The goals of the method will be examined, comparing the most important to the least. A discussion of companies that have implemented the JIT method will be touched with their results. Examples of how a company may increase their revenue will also be examined. A conclusion of opinions will be added to discuss feeling of how companies can benefit from the JIT method.
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