Just-in-time production is a term from the fields of Industry and Factory 4.0, Automation and Sustainability and Environment 4.0. It describes a method in which materials and parts are delivered and processed exactly when they are needed in production - i.e. "just in time". The aim is to minimise warehousing and thus save costs.
In just-in-time production, for example, car parts are only delivered for assembly when they are actually needed. A car manufacturer does not order the necessary steering wheels from stock, but only places the order when the assembly line in production is about to need them. This saves on stock levels and unnecessary storage space.
This method enables companies to reduce their storage costs and tie up less capital. At the same time, just-in-time production makes processes more flexible and helps to react more quickly to changes. This concept is therefore particularly important for companies that want to produce competitively and sustainably.
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