Just-in-time (JIT) inventory and just-in-time manufacturing have been buzzwords in the world of supply chain for some time now, and quite a few businesses have adopted this approach. With growing competition and increasing pressure to boost profitability, many businesses have adopted this ...
/dʒɪt/ just-in-time(= used to describe a system in which parts or materials are only delivered to a factory just before they are needed) Definitions on the go Look up any word in the dictionary offline, anytime, anywhere with theOxford Advanced Learner’s Dictionaryapp. ...
Definition of Just-in-time JIT can be considered as: 1. A way of life 2. A philosophy of continuous improvement 3. A way to achieve manufacturing excellence by continually eliminating waste... 20 3条评论 Assumptions of Just-in-time (JIT) Assumptions...
just-in-time. Discover More Example Sentences Last month, a 22-year-old Palestinian man was killed when dozens of settlers rampaged through the village of Jit, prompting international condemnation. FromBBC The Palestinian health ministry said a Palestinian man was shot dead as settlers set fire to...
Definition An effort to have materials delivered by suppliers just as the materials are needed, thereby eliminating the need for the buyer to store inventories of component parts. Obviously, the buyer is relying on the dependability of the supplier. ...
Just in time inventory (JIT): Definition + benefits in 2024What is JIT? How does just in time inventory work? Advantages of JIT Disadvantages of JIT Potential Risks of Just-In-Time Inventory Who uses JIT inventory? Is just in time inventory management software right for you? FAQ Just...
Define JIT (business). JIT (business) synonyms, JIT (business) pronunciation, JIT (business) translation, English dictionary definition of JIT (business). Adv. 1. just in time - at the last possible moment; "she was saved in the nick of time" in the nick
Just-in-time (JIT) is a term used to describe an action such as compilation or object activation only at the time when it becomes necessary.This term is associated mostly with software compilation. JIT compilation is mainly designed for high-speed code execution and support for multiple platform...
Kanban is an inventory control system used in just-in-time (JIT) manufacturing to track production and order new shipments of parts and materials. more Lead Time: Definition, How It Works, and Example Lead time is the amount of time from the...
What Exactly Do You Mean by Just-in-Time? A just-in-time (JIT) inventory system is a management strategy that has a company receive goods as close as possible to when they are actually needed. So, if a car assembly plant needs to install airbags, it does...