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Just-in-Time (JIT) is a production strategy that strives to improve a business’ return on investment by reducing in-process inventory and associated carrying costs. Just In Time production method is also called the Toyota Production System. To meet JIT objectives, the process relies on signals between different points in the process, which tell production when to [...]

Total Quality Management is an integrative philosophy of management for continuous improvement of the quality of the products and processes.  It basically involves all the persons who create or consume the products or services offered by any organization. TQM capitalizes on the involvement of management, workforce, suppliers, and even customers, in order to meet or [...]