Just In Time - JIT

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

This method requires that producers are able to accurately forecast demand.

A good example would be a car manufacturer that operates with very low inventory levels, relying on their supply chain to deliver the parts they need to build cars. The parts needed to manufacture the cars do not arrive before nor after they are needed, rather they arrive just as they are needed.

This inventory supply system represents a shift away from the older "just in case" strategy where producers carried large inventories in case higher demand had to be met.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Just In Time — could refer to the following: * Just In Time (business), an inventory strategy that reduces in process inventory * Just in time compilation, a technique for improving the performance of bytecode compiled programming systems * Just in Time, a 1956 …   Wikipedia

  • just-in-time — adj [only before noun] technical if goods are produced or bought using a just in time system, they are produced or bought just before they are needed so that the company does not have to store things for a long time ▪ just in time manufacturing… …   Dictionary of contemporary English

  • just in time — See: IN TIME …   Dictionary of American idioms

  • just in time — See: IN TIME …   Dictionary of American idioms

  • just-in-time — just in ,time adjective BUSINESS bought, sent, or produced at the last possible time: a just in time production system …   Usage of the words and phrases in modern English

  • just in time — just in ti·me loc.s.m.inv. ES ingl. {{wmetafile0}} TS industr. sistema di produzione industriale con rifornimento immediato di pezzi all unità di montaggio, senza creazione di grosse scorte di magazzino {{line}} {{/line}} DATA: 1992. ETIMO: ingl …   Dizionario italiano

  • just in time — [dʒʌst in taim] <engl. ; »gerade zur Zeit, rechtzeitig«> zeitlich aufeinander abgestimmt, gleichzeitig …   Das große Fremdwörterbuch

  • just in time — [dʒ̮ast ɪn tai̮m ] <englisch> (zeitlich abgestimmt) …   Die deutsche Rechtschreibung

  • Just-in-time — Der Ausdruck just in time kann sich auf folgende Bereiche beziehen: Just in time Compilierung, ein Begriff aus der Informatik Just in time Produktion, ein Begriff aus der Materialwirtschaft Just in time Vertrag, ein Begriff aus dem Zivilrecht… …   Deutsch Wikipedia

  • Just in time — Der Ausdruck just in time kann sich auf folgende Bereiche beziehen: Just in time Compilierung, ein Begriff aus der Informatik Just in time Produktion, ein Begriff aus der Materialwirtschaft Just in time Vertrag, ein Begriff aus dem Zivilrecht… …   Deutsch Wikipedia

  • just in time — Der Ausdruck just in time kann sich auf folgende Bereiche beziehen: Just in time Kompilierung, ein Begriff aus der Informatik Just in time Produktion, ein Begriff aus der Materialwirtschaft Just in time Vertrag, ein Begriff aus dem Zivilrecht… …   Deutsch Wikipedia

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