JIT 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. 2012.

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  • 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

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