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Home > QFINANCE Dictionary > Definition of just-in-time

Definition of

just-in-time

Operations & Production

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

Related definitions of "just-in-time"

Recommended Further Reading (Term count)
  • Supply Chain Management
    The supply chain consists of all the producers, manufacturers, wholesalers, distributors, and retailers, who process raw materials into finished goods and services and deliver them to consumers. Even the simplest of products, such as bread, may have a long supply chain. In the case of bread this consists of the farmers who grow wheat to the grain millers, transport firms, bakeries, retailers, advertising and branding agencies, and packaging...

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

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