Just in time Manufacturing

The term ‘just in time’ or JIT refers to the delivery of components to an assembly plant at the moment they are required for production. It reduces the need for large, expensive, and space-consuming stockpiles.

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Lockheed Scandal
The Lockheed Scandal of the mid-1970s involved kickbacks and political donations paid by Lockheed, the American aircraft manufacturer, to Japanese politicians in return for aid in selling planes to All-Nippon Airlines. The scandal forced the then-prime minister, Tanaka Kakuei, to resign as PM and as a member of the ruling Liberal-Democratic Party. Various politicians and business leaders were also disgraced. Oddly, remained in firm control of the party’s largest faction for several years after his resignation and the voters continued to elect him. He was eventually tried in court, but the scandal did not bring an end to corruption in politics.

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