Just-In-Time Manufacturing (JIT) is a production strategy that aims to reduce waste and increase efficiency by receiving goods only as they are needed in the manufacturing process. This approach minimizes inventory costs and ensures that materials are fresh and relevant to current production demands. By synchronizing production schedules with customer demand, companies can respond quickly to changes in the market. JIT relies on strong relationships with suppliers and precise planning to ensure that materials arrive at the right time. This method can lead to improved product quality and reduced lead times, ultimately enhancing customer satisfaction and competitiveness in the market.