TY - JOUR
T1 - Just-in-time theory
T2 - The panacea to the business success?
AU - Folinas, Dimitris K.
AU - Fotiadis, Thomas A.
AU - Coudounaris, Dafnis N.
N1 - Publisher Copyright:
© 2017 Inderscience Enterprises Ltd.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2017
Y1 - 2017
N2 - 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.
AB - 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.
KW - business performance
KW - financial performance
KW - JIT
KW - just-in-time
KW - zero-level inventory
UR - http://www.scopus.com/inward/record.url?scp=85026839411&partnerID=8YFLogxK
U2 - 10.1504/IJVCM.2017.085485
DO - 10.1504/IJVCM.2017.085485
M3 - Journal article
AN - SCOPUS:85026839411
SN - 1741-5357
VL - 8
SP - 171
EP - 190
JO - International Journal of Value Chain Management
JF - International Journal of Value Chain Management
IS - 2
ER -