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https://www.investopedia.com/terms/j/jit.asp
Just In Time - JIT: Just-in-time (JIT) is an inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process ...Author: Caroline Banton
https://www.investopedia.com/terms/l/leadtime.asp
Apr 22, 2019 · Lead time is the amount of time that elapses between when a process starts and its completion. Lead time is examined closely in manufacturing, supply chain management and project management , as ...Author: Will Kenton
https://businessjargons.com/just-in-time-system.html
Just-in-Time System Definition: The Just-in-Time or JIT is an inventory management system wherein the material, or the products are produced and acquired just a few hours before they are put to use. The Just-in-time system is adopted by the firms, to reduce the unnecessary burden of inventory management, in case the demand is less than the inventory raised.
https://www.youtube.com/watch?v=6s4mppHXXx0
Aug 12, 2015 · What is Just in Time (or JIT)? It is a lean manufacturing process that helps companies keep as little inventory on hand as possible. They only order products when a need arises, and they try to ...Author: Fishbowl
https://investinganswers.com/dictionary/j/just-time-jit
JIT works best for companies using repetitive manufacturing functions; hospitals, small companies, and other entities may not find JIT feasible. For example, let's assume that Company XYZ is a small car manufacturer. On Tuesdays the company assembles the car chassis, and the workers put the windshield in on Thursdays. With a just in time inventory method, XYZ might have parts delivered exactly ...
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