Introduction

JIT Introduction The just-in-time (JIT) inventory system was developed in lacquer after World War II, in an effort to triumph costs during fiscally challenging economic times (Waguespack and Cantor, 1996). The handle that faced legion(predicate) 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, self-coloured up unnecessary products and reinvest the valuable capital left from the nest egg sanction into the business structure (Waguespack and Cantor, 1996).

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

If you want to get a full essay, visit our page: cheap essay