JIT (Just-in-Time) is a business approach that helps companies manage their inventory and production more efficiently. Instead of storing large amounts of materials, companies receive supplies only when needed for production. Think of it like a restaurant that buys fresh ingredients daily rather than storing weeks of food. This method helps reduce storage costs, minimize waste, and improve product quality. While originally made famous by Toyota, this approach is now used across many industries. You might also hear it called "lean inventory management" or "demand-driven manufacturing."
Implemented JIT inventory system resulting in 30% reduction in warehouse costs
Led transition to Just-in-Time manufacturing processes across 5 plant locations
Improved supplier relationships to support JIT delivery schedules
Typical job title: "Supply Chain Consultants"
Also try searching for:
Q: How would you implement a JIT system in a company that currently has traditional inventory management?
Expected Answer: Should discuss step-by-step approach including supplier relationship management, employee training, system requirements, risk assessment, and gradual implementation strategy. Should mention potential challenges and solutions.
Q: How do you measure the success of a JIT implementation?
Expected Answer: Should mention key metrics like inventory carrying costs, production efficiency, lead times, quality improvements, and supplier reliability. Should also discuss ROI calculation methods.
Q: What are the main risks of JIT and how do you mitigate them?
Expected Answer: Should identify risks like supplier delays, quality issues, demand fluctuations, and discuss backup plans, safety stock strategies, and supplier diversity.
Q: How do you maintain good relationships with suppliers in a JIT system?
Expected Answer: Should discuss communication strategies, performance metrics, contract management, and collaborative planning approaches.
Q: What are the basic principles of JIT?
Expected Answer: Should explain core concepts like minimal inventory, quick delivery, quality control, and waste reduction in simple terms.
Q: What are the main benefits of implementing JIT?
Expected Answer: Should mention reduced inventory costs, improved quality, faster production times, and better cash flow management.