a production system where components are delivered just in time for assembly. This saves transport and storage costs as well as theft.
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http://geographyfieldwork.com/GeographyVocabularyGCSEIndustry.htm
An inventory system that attempts to minimize inventory costs that do not add value for the customer. It arranges for suppliers to deliver small quantities of raw materials just before those units are needed in production. Storing, insuring, and handling raw materials are costs that add no value to the product, and are minimized in a just in time s...
Found on
http://www.ais-cpa.com/glosa.html
JIT. A manufacturing system in which materials and components are delivered immediately before they are required, in order to increase efficiency, reduce waste and minimise storage costs.
Found on
http://www.encyclo.co.uk/local/22643
A cost-conscious management approach to procurement which pares down to a minimum the delay between receipt of material and actual consumption of it.
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http://www.metalbulletin.com/Glossary.html
The practice of timing inbound material flows so that they can arrive just in time before they are required. This results in smaller inventories. A JIT system requires close links among forecasting, production, scheduling, and purchasing groups as well as suppliers and carriers.
Found on
http://www.mhia.org/learning/glossary/j
(JIT) An inventory control system that controls material flow into assembly and manufacturing plants by coordinating demand and supply to the point where desired materials arrive just in time for use. An inventory reduction strategy that feeds production lines with products delivered just in time. Developed by the auto industry, ...
Found on
https://scmedu.org/justintime_jit_/
JIT - A manufacturing/delivery process where a minimum of goods are kept in stock. Items are planned to arrive precisely at the time they are required for use or dispatch.
Found on
https://www.encyclo.co.uk/local/20860
No exact match found.
