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

Dimitris K. Folinas*, Thomas A. Fotiadis, Dafnis N. Coudounaris

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

14 Citations (Scopus)

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.
Original languageEnglish
Peer-reviewed scientific journalInternational Journal of Value Chain Management
Volume8
Issue number2
Pages (from-to)171-190
Number of pages20
ISSN1741-5357
DOIs
Publication statusPublished - 2017
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • just-in-time
  • JIT
  • zero-level inventory
  • financial performance
  • business performance

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