What is the objective? To achieve zero inventory in APTICS dictionary. JIT is defined as," A philosophy of manufacturing based on elimination of all waste and continuous improvement of productivity." APICS- " American production of inventory control and society" JIT is also defined as an approach with objective of producing a right part in right time at right place. JIT was developed by TOYOTA in 1950.(1950-1970). 1980 - GEC ( General electric company ) Country -USA OTHER NAMES OF JIT- Toyota production system Lean production Stockless production Elements of JIT- Stabilize and level the MPS with uniform plant loading (Heijunka). Reduce set up time(Ex- Nascar pit screw) Reduce lot size Preventive maintenance Reduce lead time Flexible workplace-Respect for people Require supplier quality assurance and implement a zero defect quality program (JIDOKA) QAT - Quality at Source M.P.S. - Master Production System Advantage of JIT- Le...