The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules. Companies employ this inventory strategy to increase efficiency and decrease waste by receiving goods only as they need them for the production process, which reduces inventory costs. This method requires producers to forecast demand accurately.

•The just-in-time (JIT) inventory system is a management strategy that minimizes inventory and increases efficiency.

•Just-in-time (JIT) manufacturing is also known as the Toyota Production System (TPS) because the car manufacturer Toyota adopted the system in the 1970s.

•Kanban is a scheduling system often used in conjunction with JIT to avoid overcapacity of work in process.

•The success of the JIT production process relies on steady production, high-quality workmanship, no machine breakdowns, and reliable suppliers.