JIT is manufacturing that lets businesses make products when a customer wants and pays for it. The previous method was having products already made. Toyota was one company that successfully used this model. They also forecasted materials to precise levels. Apple is another company practicing and becoming successful with JIT methods. They also hold inventory at their own stores and use drop shipping for their success. McDonald’s is also on the list because they standardized the JIT method for Fast Food.
- Toyota saw success because they were able to correctly forecast stock
- Apple was successful because they help inventory at retail stores
- McDonald’s saw success when they used the JIT method with customers
“This outsourcing of production made Apple leaner and resulted in slashing costs and reducing overstock.”
Read more: https://www.unleashedsoftware.com/blog/3-successful-companies-practising-jit-systems