Just-In-Time

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Just-In-Time (JIT) is a production approach in which parts and materials are delivered to a production site just as they are needed, rather than being stockpiled as a hedge against late deliveries.

Definition

According to the Strategic Management by David and David (15th edition),

Just-In-Time (JIT). A production approach in which parts and materials are delivered to a production site just as they are needed, rather than being stockpiled as a hedge against late deliveries.
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