Just-in-time inventory systems

Just-in-time inventory systems
Systems that schedule materials/inventory to arrive exactly as they are needed in the production process. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • just-in-time inventory systems — JIT inventory systems Systems that schedule materials to arrive exactly when they are needed in the production process. Bloomberg Financial Dictionary …   Financial and business terms

  • Just-in-time (business) — Just in time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in process inventory and its associated carrying costs. In order to achieve JIT the process must have signals of what is going… …   Wikipedia

  • JIT inventory systems — just in time inventory systems Systems that schedule materials to arrive exactly when they are needed in the production process. Bloomberg Financial Dictionary …   Financial and business terms

  • Just In Time — could refer to the following: * Just In Time (business), an inventory strategy that reduces in process inventory * Just in time compilation, a technique for improving the performance of bytecode compiled programming systems * Just in Time, a 1956 …   Wikipedia

  • just in time — UK US adjective [only before noun] (ABBREVIATION JIT) PRODUCTION, MANAGEMENT ► relating to a manufacturing system in which parts and materials are delivered when they are needed, rather than before. Just in time systems reduce the cost of storing …   Financial and business terms

  • just in time — JIT An approach to manufacturing that aims to reduce stocks of raw materials and finished goods, queues and bottlenecks, excess transport, and levels of scrap and defective units. Whereas traditional systems isolate operations from the… …   Big dictionary of business and management

  • Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia

  • Just in Sequence — (JIS) is an inventory strategy that is at once Just In Time and in sequence, that is, component parts arrive at a production line moments before they are needed and in the sequence in which they will be used. The manufacturing sequence signal is… …   Wikipedia

  • Inventory (museum) — An inventory is an itemized list of objects that the museum has accessioned or received via loan(s) and must be physically located by an examiner. A complete, one hundred percent inventory, or a random inventory of the collection must be carried… …   Wikipedia

  • Inventory control system — An inventory control system is an integrated package of software and hardware used in warehouse operations, and elsewhere, to monitor the quantity, location and status of inventory as well as the related shipping, receiving, picking and putaway… …   Wikipedia

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