Just-In-Time+(JIT)+process

Definition
A stock strategy that companies use, to rise efficiency and decline waste by adopting goods only as they are needed in the production process, consequently  reducing inventory costs.

Description
The JIT system essence (systems "precisely in time") denies manufacturing of products of by big parties. Instead, continuous flow production is created. The JIT system (system "precisely in time") considers existence of inventory holdings as the difficulty, which complicates the solution of many problems. Inventory holdings require significant charges, many material supplies can have a negative effect on shortage of financial resources, maneuverability and competitiveness of the enterprise. In practise JIT system is reducing of any excess expenditures and effective use of production capacity of the enterprise.

Specific examples
Dell has also applied JIT system to improve its manufacturing process. Dell is capable of providing very short lead times to their clients, by pushing their providers to carry stock instead of transfering it themselves and then requiring and receiving short lead times on components so that products can be simply gathered by Dell rapidly and then carried to the customer. Significant agents of Dell's achievements:
 * Reliable suppliers with the possibility to correspond Dell’s demanding lead time demands.
 * A constant system that make it possible for Dell to transfer its constituent element requests, therefore they will come at Dell in time complete their promises/ demands following deadlines (to fulfill its lead times).
 * A readiness of providers to have an immediate access to implements, making Dell to do not be responsibl for keeping stock.

Additional contributions
Contributor: Pshenov Amir

Resources

 * Just In Time - JIT. (2014, January 1). Retrieved December 5, 2014, from http://www.investopedia.com/terms/j/jit.asp
 * Прогрессивный менеджмент/ Progressive management. (n.d.). Retrieved December 5, 2014, from http://www.progressive-management.com.ua/glossary-management/70-jit-just-in-time
 * Requirement For Implementing Jit Help for Just in Time - Transtutors. (n.d.). Retrieved December 5, 2014, from http://www.transtutors.com/homework-help/industrial-management/just-in-time-production-system/requirement-for-implementing-jit.aspx
 * Wilson, J. (2013, June 29). Examples of Successful JIT Systems - Toyota, Dell, and Harley Davidson. Retrieved December 5, 2014, from http://www.brighthubpm.com/methods-strategies/71540-real-life-examples-of-successful-jit-systems/
 * JIT (Just in Time Manufacturing). (2011, October 16). Retrieved December 5, 2014, from https://www.youtube.com/watch?v=CBFKBf1rOyo