Effectiveness of Applying JIT (Just-In-Time) Methods in Company Management

Abstract

The aim of this article is to study the effectiveness of the JIT (Just-In-Time) method applied in companies on the market of the Republic of Moldova and on the European market, as well as to identify the necessary measures for the implementation of this method in constant use by different companies. The article analyzes two companies: McDonald's and Toyota, which use the JIT method to optimize production processes, to reduce stock and resource costs. The study is based on document review, content analysis, summarization and comparison of the two models. Statistical data from two companies were used as information materials, and publications from specialized publications were used as information support. The results of the study showed that the use of the JIT method helps to reduce the level of losses and unnecessary movements of goods in the warehouse, which, in turn, favorably affects the development of the company. There is a need to implement this method, thanks to which the company can achieve high results. CZU: 005.21:005.932.6; JEL: L8, L61