Just-In-Time Inventory System

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Just-In-Time Inventory System (JIT inventory system) is an inventory system, popularized by the Japanese, in which suppliers deliver parts just at the time they are needed by the buying organization to use in its production process.

Definition

According to the Strategic Management by Parnell (4th edition),

Just-In-Time Inventory System (JIT inventory system). An inventory system, popularized by the Japanese, in which suppliers deliver parts just at the time they are needed by the buying organization to use in its production process.
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