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The modern business environment

Just-In-Time (JIT)

‘Just-in-time’ is a system whose objective is to produce products as they
are required by a customer, rather than for inventory. It is a ‘pull’ system’
which responds to demand, in contract to a ‘push’ system in which
inventory acts as a buffer between the different elements of the system,
such as purchasing, production and sales.

Illustrations and further practice

Now read the ‘Toyota’ illustration from Chapter 2.

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