Just-in-time (JIT) is a production and inventory management strategy that aims to reduce waste by receiving goods only as they are needed in the production process. This approach minimizes inventory costs and enhances efficiency, allowing companies to respond quickly to changing market demands. JIT is closely linked to agile and lean principles, which focus on optimizing processes and maximizing value while minimizing waste.
congrats on reading the definition of just-in-time (jit). now let's actually learn it.