Murphy Case Analysis

Just-In-Time Concept.
Just-In-time manufacturing, or JIT, is a management philosophy aimed at eliminating manufacturing wastes by producing only the right amount and combination of parts at the right place at the right time. This is based on the fact that wastes result from any activity that adds cost without adding value to the product.
The goal of JIT, is to minimize the presence of non-value-adding operations and non-moving inventories in the production line. …