Description: In the realm of supply chain management, “Just in time” refers to an inventory strategy that it used to improve a business’s return on investment through a reduction of in process inventory and all related costs. Just in time is driven by a series of signals, referred to as Kanban, which tell production processes when it is necessary to make the next part. Kanban can be visual signals, but are generally “tickets.” When implemented in a correct fashion, “Just in time” can help a producer improve in such areas as quality, efficiency, as well as the return on investment.
