JUST-IN-TIME (JIT)


Meaning of JUST-IN-TIME (JIT) in English

stock mangement strategy; suppliers working with producers to ensure that stock is only held as and when needed thus avoiding large storage costs; it cuts non-value-added tasks, cuts inventory, eliminates delay, and requires near-zero defects and fast setup times, particularly for repetitive, discrete manufacturing.(see just in case).

Raynet Business and Marketing English glossary.      Английский глоссарий компании Raynet Business and Marketing .