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Definition of


Operations & Production abbr

production method reducing inventory stockpiling just-in-time: a production method that requires necessary materials be at the place of manufacture or assembly at the appropriate time to minimize holding excess inventory, reducing wastage and expense.

Definitions of ’JIT’ and meaning of ’JIT’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’JIT’ and other financial terms with our online QFINANCE Financial Dictionary.

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