Just in Time

Just in Time (JIT) is an inventory strategy for manufacturing production and stock management. It was thought to reduce and avoid the wastes caused by the standardized ways of working in Europe and the US. Kiichiro Toyoda learned about those models and introduced the idea back in 1937 as an optimization of state of the art in manufacturing (and founded the Toyota Motors Corporation).

Kiichiro considered that the current working method generated unnecessary inventory, in consequence waste of storage space; production time; invested capital; raw-materials; etc. This concept was then grown, improved and implemented by Taiichi Ohno as part of the Toyota Production System.

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