JIT Program
"Just-in-time (JIT)
is an inventory strategy that strives to improve business' return on investment by
reducing in-process inventory and associated carrying costs. Just In Time production method is also called the Toyota Production System.
To meet JIT objectives, the process relies on signals or Kanban between different points in the process that tells production when to
make the next part. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of a part on a shelf.
Implemented correctly, JIT can improve a manufacturing organization's return on investment, quality, and efficiency.
At the center of JIT quick notice of stock depletion allows personnel to order new stock, and is critical to inventory reduction.
This also saves warehouse space and costs."
Wikipedia
Many companies have benefited from such a program. Please
contact us to find out how you can improve your business.