JIT

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http://en.wikipedia.org/wiki/Inventory] and associated carrying costs [HYPERLINK: http://en.wikipedia.org/wiki/Carrying_cost]. To meet JIT objectives, the process relies on signals or Kanban [HYPERLINK: http://en.wikipedia.org/wiki/Kanban] between different points, which are involved in the process, which tell production when to make the next part. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of a part on a shelf. Implemented correctly, JIT focuses on continuous improvement and can improve a manufacturing organization's return on investment [HYPERLINK: http://en.wikipedia.org/wiki/Return_on_investment], quality, and efficiency. To achieve continuous improvement key areas of focus could be flow, employee involvement and quality.

In short, the Just-in-Time inventory system focus is having "the right material, at the right time, at the right place, and in the exact amount", without the safety net of inventory. The JIT system ...

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