what is just in time in (business)?

Answer 1

Just in Time(JIT) is a supply chain management term that refers to the arrival of goods in a production/sales process. Instead of using large warehouses and stoage facilities, JIT utilizes pre-planning to estimate exact needs and have almost the exact amount of product delivered when it is needed.

This cuts down the need for storing excess inventory, thus reducing storage and unneeded/outdated inventory costs.

Answer 2

In U.S. government for training "just in time" meant at the last minute because the idiots couldn't come up with anything better and had to get something out the door by a deadline. Seriously, I've been through too many meeting that must have been organized by baboons or relatives of the supervisors, or both.

Answer 3

Just in Time, or JIT is a method of all your components being delivered just in time for production. This stops wastage of time and money as there is no need to store products. If a product is not delivered on time then this holds up production therfore costing the company money.

Ford use this, also have a look for the kanban method.

Answer 4

It's when the company is building a product and they get shippments of parts at the time they need them to build the product. This keeps the cost down as they don't need warehouses to hold months of parts.

Answer 5

When you have deliveries, required for your business to keep running but do not keep all the components on site wasting space. you have things delivered ,JUST IN TIME

Answer 6

You don't stock surplus, so if someone order 3 chairs, you get the stock delivered to make them, manufacture the chairs, and ship them straight out.

Reduces warehouse space, and wasteage of consumables.