In the early 1950s, Toyota developed the practice of just-in-time (JIT) manufacturing. JIT eliminates waste, improves quality, increases efficiency and enhances agility by enabling demand to dictate supply.
A retailer using this model, for example, understands both their suppliers and their consumers so well that they can have stock on hand for customers right when they need it, and no sooner.
“JIT is a concept that has revolutionized manufacturing, logistics and retail over the past 70 years, and the time has come for the commercial real estate industry to embrace it.” – Travis Kemp, Vice President of Product Management
