Just in Time (JIT)
A lean production approach where materials and components are ordered and delivered just as they are needed in the produ...
Real World
Nike uses JIT manufacturing through its contract factories in Vietnam, ordering fabric and components only when customer orders are confirmed, dramatically cutting the cost of warehousing millions of unsold trainers.
Exam Focus
In 'assess JIT' questions, always include a supply chain disruption risk (e.g. a single unreliable supplier halts production) as the key counter-argument.
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