Title: Just-in-time theory: the panacea to the business success?

Authors: Dimitris K. Folinas; Thomas A. Fotiadis; Dafnis N. Coudounaris

Addresses: Department of Logistics, TEI – Central Macedonia, Katerini, Greece ' Department of Production Engineering and Management, Democritus University of Thrace, Xanthi, Greece ' Department of Marketing, University of Vaasa, Vaasa, Finland

Abstract: The paper investigates the effects of just-in-time (JIT) practices on the financial performance of Greek companies. First, a qualitative method was applied to identify the key elements of JIT and their implementation level. Then, a quantitative method was applied to investigate if these JIT practices affect the business performance positively. The results of this study suggest that there is not a strong link between JIT and zero-level inventories management key elements and practices and financially-based performance indicators even though the companies have remarkably applied these practices during the last years. Therefore, it is proved that the examined investigation must be viewed from the viewpoint of various business areas and dimensions.

Keywords: just-in-time; JIT; zero-level inventory; financial performance; business performance.

DOI: 10.1504/IJVCM.2017.085485

International Journal of Value Chain Management, 2017 Vol.8 No.2, pp.171 - 190

Received: 08 Aug 2016
Accepted: 23 Oct 2016
Published online: 28 Jul 2017 *

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