This paper examines the use of the Just-in-time manufacturing method. It describes the key strategy behind just-in-time manufacturing: less inventory means more cash, which is good for most businesses, and demonstrates the application of this principal. The author writes that with Just-in-time manufacturing, stock is wasteful and eliminated, but there are also negative effects on the environment involved in this alternative process.
“Just-in-time manufacturing is a method of manufacturing goods that was developed by Toyota in the 1980’s. Since that time, many companies around the world have begun to successfully implement just-in-time processes, including several companies in the United States. (Maskell, 1989)
Just-in-time manufacturing is a method of manufacturing in which non-value-adding activities (or are identified and removed for the purposes of reducing costs, improving quality, improving performance, improving delivery, adding flexibility and increasing innovativeness.