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just-in-time
adjective
Business., noting or pertaining to a method of inventory control that keeps inventories low by scheduling needed goods and equipment to arrive a short time before a production run begins. JIT
just-in-time
adjective
JIT. denoting or relating to an industrial method in which waste of resources is eliminated or reduced by producing production-line components, etc, as they are required, rather than holding large stocks
Word History and Origins
Origin of just-in-time1
Idioms and Phrases
Example Sentences
“International supply chains are geared towards just-in-time and not towards some Beijing bureaucrats making up their minds over months at a time whether to license a particular export shipment or not,” said Thomas Kruemmer, a rare-earth analyst based in Singapore.
“It’s a more ‘just-in-time’ approach and with a more frequent order mechanism,” Ruh said.
Carmakers have a long tradition of using so-called "just-in-time delivery", where parts are not held in stock but delivered from suppliers exactly where and when they are needed.
“Global trade uncertainties disrupted typical grain flows and caused many of our commercial customers to focus on just-in-time purchasing,” William Krueger, the Andersons’ chief executive, said Wednesday in a call with investors.
He was hand selected by Apple's co-founder Steve Jobs for his unrivalled expertise in just-in-time supply logistics.
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