Just in time (JIT)

The concept of reducing inventories by working closely with suppliers to co-ordinate delivery of materials just before their use in the manufacturing or supply process. Goods arrive when needed (just in time) for production or use rather than becoming expensive inventory that occupies costly warehouse space.

Our glossary of project management let you find the terms and definitions that are commonly used in business and project management. Use the form below to find a term.
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