Skip to content
MarkSchemeMarkScheme
Sign up — no card

9609 · 4.2.2

Just in Time (JIT)

**JIT** (4.2.2) contrasts **4.2.1 buffer stock**. Always **evaluate context** — JIT is not automatically best for a small firm with one unreliable supplier.

Need to know

What you need to know

  • JIT is a 'pull' system of production, triggered by customer orders.
  • It aims to minimise waste by reducing inventory levels to near zero.
  • Focuses on receiving supplies and producing goods only as they are needed.
  • Reduces costs related to storage, insurance, and stock obsolescence.

Explanation

Just in Time (JIT)

  1. JIT is a 'pull' system of production, triggered by customer orders.
  2. It aims to minimise waste by reducing inventory levels to near zero.
  3. Focuses on receiving supplies and producing goods only as they are needed.
  4. Reduces costs related to storage, insurance, and stock obsolescence.
Mark this topic →Open full visual lesson