Just-in-Time (JIT) is a lean inventory management strategy that ensures materials, supplies, or resources are delivered only when they are needed for production or project execution. The primary objective of JIT is to minimize waste, reduce inventory costs, and improve efficiency by eliminating excess stock.
In project management
JIT principles are particularly useful in manufacturing, construction, and software development where resources should be available exactly at the moment of need to prevent overstocking and reduce holding costs.
For example
in automobile manufacturing, companies like Toyota rely on JIT systems to receive car parts from suppliers just before assembly, reducing storage expenses and improving cash flow. While JIT enhances efficiency, it also carries risks—such as supply chain disruptions or delivery delays—which can significantly impact project timelines.
