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The basic theory behind JIT is a pull system that is driven by a demand of supplies. This results in a near zero inventory which reduces the normal cost of storing inventory. The end result of JIT is a company that runs on reduced costs, continuously improving quality and performance, faster delivery times as well as greater flexibility.
Throughout history, JIT manufacturing has been implemented on the largest of scales, such as automotive suppliers and assembly plants. This is due to the fact that only the larger companies have the funding to get past the typical high initial cost of setting up the JIT system...
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