Final answer:
Just-in-Time (JIT) is a critical part of a more comprehensive approach referred to as supply chain management. Supply chain management involves coordinating and optimizing all the activities involved in moving goods and services from suppliers to manufacturing plants to customers.
Step-by-step explanation:
Just-in-Time (JIT) is a critical part of a more comprehensive approach referred to as supply chain management. Supply chain management involves coordinating and optimizing all the activities involved in moving goods and services from suppliers to manufacturing plants to customers. JIT focuses on reducing inventory and waste by delivering materials and components at the exact moment they are needed in the production process.