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Jun 29, 2024 · What Is Just-in-Time (JIT)? The just-in-time (JIT) inventory system is a management strategy that aligns raw-material orders from suppliers directly with production schedules.
adjective. uk / ˌdʒʌst.ɪnˈtaɪm / us / ˌdʒʌst.ɪnˈtaɪm / (also JIT) Add to word list. A just-in-time system of manufacturing (= producing goods) is based on preventing waste by producing only the amount of goods needed at a particular time, and not paying to produce and store more goods than are needed. SMART Vocabulary: related words and phrases.
Jan 22, 2024 · Just-in-time (JIT) is a management approach that is used to control the flow of inventory to and from a business in order to minimize inventory levels and to improve the efficiency of the manufacturing processes.
Jun 20, 2024 · The meaning of JUST-IN-TIME is a manufacturing strategy wherein parts are produced or delivered only as needed.
Just-in-time, or JIT, is an inventory management method in which goods are received from suppliers only as they are needed. The main objective of this method is to reduce inventory holding costs and increase inventory turnover.
just in time. Immediately before the time at which something is due or is scheduled to begin or end. It took me a lot longer to do my taxes than I was expecting, but thankfully I managed to finish them just in time.Oh good—we're just in time to see the opening act perform.
JUST-IN-TIME meaning: 1. A just-in-time system of manufacturing (= producing goods) is based on preventing waste by…. Learn more.
Just in time refers to something happening at the last moment, just before the deadline or just before something was supposed to happen. It means that something was almost too late. The project was due at 10 a.m.
Dec 8, 2022 · Just-in-time (or JIT) is an inventory management method in which you keep as little inventory on hand as possible. That means you don’t stockpile products and raw materials just in case you need them—you simply reorder products to replace those you’ve already sold.
Definition of just-in-time adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
