Just-In-Time
Revision as of 20:42, 16 July 2020 by QiratH (talk | contribs) (Created page with "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...")
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.
