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

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.