Just in time production and cost management: an application in Azerbaijan

The study explores the implementation of Just in Time (JIT) production systems as a cost management strategy in the context of Azerbaijan's evolving industrial landscape. JIT, a cornerstone of lean manufacturing, aims to minimize waste, enhance efficiency, and optimize production schedules by ensuring materials and resources are available only when needed. This research examines the application of JIT principles within Azerbaijani industries, focusing on its impact on operational costs, resource utilization, and overall productivity. Through a combination of case studies and quantitative analysis, the study identifies key factors influencing JIT adoption, such as supply chain infrastructure, technological readiness, and managerial expertise. The findings highlight the potential benefits of JIT for local businesses, including reduced inventory costs, improved cash flow, and increased competitiveness in global markets. However, the study also discusses challenges, such as supplier reliability and logistical constraints, and proposes recommendations to facilitate JIT integration in Azerbaijan’s industrial sectors. This research contributes to the literature by providing insights into the feasibility and effectiveness of JIT as a cost management tool in emerging economies.