Just-in-Time (JIT) is a manufacturing philosophy aimed at reducing waste by producing and delivering only what is needed. It seeks to minimize inventories and waste through continuous improvement, small lot sizes, standardized work, and a pull-based replenishment system. The goals of JIT include zero defects, inventory, setup time, waste, and breakdowns. It employs techniques like kanban cards to signal replenishment needs and aims for smooth, uninterrupted flow throughout the production process.