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 output, and minimizing levels of scrap and defective units. Just-in-time techniques are often associated with continuous improvement and kaizen costing in the approach known as Total Quality Management

Accounting dictionary. 2014.

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 — could refer to the following: * Just In Time (business), an inventory strategy that reduces in process inventory * Just in time compilation, a technique for improving the performance of bytecode compiled programming systems * Just in Time, a 1956 …   Wikipedia

  • 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 — 〈[dʒʌst ın taım] Abk.: JIT〉 punkt , termingenau, (gerade) rechtzeitig [engl.] * * * just in time [ʤʌst ɪn taɪm ] <Wirtsch.> [engl. = gerade (noch) rechtzeitig]: zeitlich aufeinander abgestimmt, gleichzeitig. * * * just in time [dʒʌst ɪn… …   Universal-Lexikon

  • just-in-time — adj [only before noun] technical if goods are produced or bought using a just in time system, they are produced or bought just before they are needed so that the company does not have to store things for a long time ▪ just in time manufacturing… …   Dictionary of contemporary English

  • just in time — See: IN TIME …   Dictionary of American idioms

  • just in time — See: IN TIME …   Dictionary of American idioms

  • just-in-time — just in ,time adjective BUSINESS bought, sent, or produced at the last possible time: a just in time production system …   Usage of the words and phrases in modern English

  • just in time — just in ti·me loc.s.m.inv. ES ingl. {{wmetafile0}} TS industr. sistema di produzione industriale con rifornimento immediato di pezzi all unità di montaggio, senza creazione di grosse scorte di magazzino {{line}} {{/line}} DATA: 1992. ETIMO: ingl …   Dizionario italiano

  • just in time — 〈 [dʒʌ̣st ın taım] Abk.: JIT 〉 punkt , termingenau, (gerade) rechtzeitig [Etym.: engl.] …   Lexikalische Deutsches Wörterbuch

  • just in time — [dʒʌst in taim] <engl. ; »gerade zur Zeit, rechtzeitig«> zeitlich aufeinander abgestimmt, gleichzeitig …   Das große Fremdwörterbuch

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