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Enhancing Corporate Sustainability through Just-In-Time (JIT) Practices: A Meta-Analytic Examination of Financial Performance Outcomes

Author

Listed:
  • Javier García-Cutrín

    (Departament of Mathematics, ECOBAS, University of Vigo, 36310 Vigo, Spain)

  • Carlos Rodríguez-García

    (Departament of Business Organization, ECOBAS, University of Vigo, 36310 Vigo, Spain)

Abstract

This paper utilizes a meta-analytic approach to examine the correlation between Just-In-Time (JIT) practices and financial performance. The investigation assesses JIT’s influence on key financial metrics, including Return on Investment (ROI), Return on Sales (ROS), Asset Turnover, and Profit Margins. Results indicate a robust positive correlation between JIT implementation and enhanced financial outcomes, demonstrating that JIT significantly contributes to both operational efficiency and financial health. The findings illustrate that JIT’s effectiveness varies by organizational scale and economic context, with larger firms and stable economic conditions seeing the most pronounced benefits. Conversely, smaller firms might face challenges in harnessing JIT’s full financial potential, underscoring the importance of tailored implementation strategies. This study confirms the strategic value of JIT for boosting profitability and efficiency, providing managers with actionable insights to optimize JIT deployment. It also suggests areas for future research to refine understanding of JIT’s variable effects across different operational contexts and explore potential contributions to sustainability initiatives. This contribution enriches the discourse on JIT’s role in enhancing corporate financial performance and opens the door to examining its broader impacts on sustainable business practices.

Suggested Citation

  • Javier García-Cutrín & Carlos Rodríguez-García, 2024. "Enhancing Corporate Sustainability through Just-In-Time (JIT) Practices: A Meta-Analytic Examination of Financial Performance Outcomes," Sustainability, MDPI, vol. 16(10), pages 1-15, May.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:10:p:4025-:d:1392504
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    References listed on IDEAS

    as
    1. Viechtbauer, Wolfgang, 2010. "Conducting Meta-Analyses in R with the metafor Package," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 36(i03).
    2. Callen, Jeffrey L. & Fader, Chris & Krinsky, Itzhak, 2000. "Just-in-time: A cross-sectional plant analysis," International Journal of Production Economics, Elsevier, vol. 63(3), pages 277-301, January.
    3. Klingenberg, Beate & Timberlake, Rachel & Geurts, Tom G. & Brown, Roger J., 2013. "The relationship of operational innovation and financial performance—A critical perspective," International Journal of Production Economics, Elsevier, vol. 142(2), pages 317-323.
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