Just-in-time inventory
Reading Time: < 1 minute Just-in-time inventory management, also known as JIT, involves buying products from suppliers only when necessary. The main objectives of this strategy are to increase the inventory turnover ratio and reduce the cost of maintaining inventory. Just-In-Time is a production strategy used in manufacturing and supply chain management. The goal of JIT is to produce or […]
Jidoka
Reading Time: < 1 minute A quality control principle in lean manufacturing. As per this principle, production is automatically stopped due to any system error. Jidoka is a Japanese term originated in the manufacturing industry, and was popularized by Toyota as part of their Toyota Production System (TPS), also known as Lean Manufacturing. Jidoka is often translated as “autonomation” ( […]