Just-in-time

 

 


 

Just-in-time

 

Glossary of business

 

Definition of just-in-time

 

Just-in-time is a system which operates on the scheduling of stocks in a precise, co-ordinated way, so minimising the quantity needed to be held. Stocks are only ordered a short time period before they are needed for the actual production of the final good. This technique helps to minimise stocks and therefore reduce the costs of holding stocks. Just-in-time production requires a close relationship with suppliers to ensure that stocks are available exactly when they are needed.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of just-in-time

 

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Meaning of just-in-time

 

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What does just-in-time mean ?

 


 

 

 

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