just-in-time manufacturing (JIT)
- just-in-time manufacturing (JIT)
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and imported to the West, that has revolutionized
manufacturing methods in some industries. By relying on daily deliveries of most supplies, it eliminates waste due to overproduction and lowers warehousing costs. Supplies are closely monitored and quickly altered to meet changing demands, and small and accurate resupply deliveries must be made just as they are needed. Because there are no spares, the components must be free of defects. Plants wholly dedicated to the JIT concept require a logistics staff to schedule production, balancing product demand with plant capacity and availability of inputs. JIT has worked most effectively for large automobile manufacturers, which may have several thousand suppliers feeding parts into 100 factories that assemble components for 20 assembly lines.
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Universalium.
2010.
Look at other dictionaries:
just-in-time — ˌjust in ˈtime written abbreviation JIT adjective [only before a noun] MANUFACTURING if goods are produced or bought using a just in time system, they are produced or bought just before they are needed, reducing the cost to the firm of keeping… … Financial and business terms
just in time — UK US adjective [only before noun] (ABBREVIATION JIT) PRODUCTION, MANAGEMENT ► relating to a manufacturing system in which parts and materials are delivered when they are needed, rather than before. Just in time systems reduce the cost of storing … Financial and business terms
Just-in-time (business) — Just in time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in process inventory and its associated carrying costs. In order to achieve JIT the process must have signals of what is going… … Wikipedia
Just-in-time-Produktion — (kurz: just in time, JIT) oder auch bedarfssynchrone Produktion bezeichnet eine Produktionsstrategie, die als Ziel die Schaffung durchgängiger Material und Informationsflüsse entlang der Lieferkette (engl. Supply Chain) verfolgt und zur… … Deutsch Wikipedia
just-in-time — JIT An approach to manufacturing designed to match production to demand by only supplying goods to order. This has the effect of reducing stocks of raw material and finished goods, encouraging those production activities that add value to the… … Accounting dictionary
just-in-time — /dʒʌst ɪn ˈtaɪm/ (say just in tuym) adjective of or relating to a system of manufacturing in which materials are supplied just before they are needed in the manufacturing process, rather than being held in storage: *Over the past two years, car… …
just-in-time — JIT A manufacturing and operating philosophy that aims to supply products to customers in line with fluctuations in *demand. The main advantages of JIT operations include (i) typically low inventory levels, (ii) simplified *backflush costing… … Auditor's dictionary
just in time — JIT An approach to manufacturing that aims to reduce stocks of raw materials and finished goods, queues and bottlenecks, excess transport, and levels of scrap and defective units. Whereas traditional systems isolate operations from the… … Big dictionary of business and management
just-in-time — (JIT) refers to the movement of material to the necessary place at the necessary time. It is part of a business philosophy based on achieving excellence in a manufacturing company through the continuous elimination of waste … Dictionary of automotive terms
just-in-time — adjective Of a manufacturing system in which components are delivered at the precise time required, thus minimizing inventory carrying costs. Syn: JIT … Wiktionary
