The Just In Time Inventory System (JIT) is an inventory management system designed to minimize surplus and maximize efficiency. Simply put, this system involves ordering only the supplies needed for production when they’re needed, in ‘just-in-time’ fashion. This approach reduces costs associated with storing excess inventory, as well as giving manufacturers better insight into the products they’ll need to produce. With JIT, companies are able to immediately adjust production based on market demands and customer feedback, allowing them to stay at the forefront of their industry.