Just-in-Time (JIT) Flashcards

1️⃣ Familiarise yourself with the flashcards:

  • Look through all the flashcards to see what's on both sides.
  • Make sure you understand the information on each card. If something's unclear, click the link to the revision notes at the bottom of the page for more details.

2️⃣ Test yourself:

  • Look at the question or prompt on each card and try to remember the answer before flipping it over.
  • Check the answer and make a note of any cards you find challenging and need to go over more.

3️⃣ Consistently Review and Practice:

  • Use spaced repetition: spend more time on the cards you struggle with and go over them more often.
  • Regularly review all the flashcards to help you better understand and retain the information over time.

Note: We may include questions that have multiple correct answers. It's useful to remember specific examples to understand these concepts better.

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What is Just-in-Time (JIT)?

A way to manage stock where goods arrive only when they are needed.

What is the main aim of JIT?

To cut stock levels and storage costs.

How does JIT work?

Customer orders trigger small orders to suppliers. Parts arrive just before use.

Name two benefits of JIT for a business.

Lower storage costs and better cash flow.

Name two drawbacks of JIT.

Risk of running out of stock and stoppages if a delivery is late.

What does a business need to make JIT work well?

Reliable suppliers and accurate demand data.

How much buffer stock is held in JIT?

Little or none.

Why is lead time important in JIT?

Short lead times (time from order to delivery) help items arrive when needed and reduce delays.

Give one example of a business that might use JIT.

A car factory.

How does JIT affect suppliers?

Suppliers must make small, frequent deliveries on time.

When is JIT less suitable?

When demand is hard to predict or suppliers are unreliable.

How does JIT differ from Just-in-Case (JIC)?

JIT keeps very low stock. JIC keeps extra stock just in case.