JustinTimePrinzip
The JustinTimePrinzip, also referred to as the Just-in-Time Principle, is a management concept that aims to synchronize production, procurement, and delivery with actual customer demand. Its core intent is to minimize inventories and lead times by ensuring that work is performed and materials are ordered only as they are needed.
Origin and usage: The term is predominantly found in German-language literature as a variant or interpretation
Core elements: The principle relies on pull-based planning, small batch production, and signaling systems such as
Applications: It is applied mainly in manufacturing and logistics to reduce buffer stock and shorten cycle
Benefits and risks: Benefits include lower carrying costs, faster cash conversion, and greater flexibility to changing
Implementation and relation to related concepts: Practical steps include mapping the value stream, establishing takt time,