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just-in-time |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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just-in-time adj (Business / Commerce) denoting or relating to an industrial method in which waste of resources is eliminated or reduced by producing production-line components, etc., as they are required, rather than holding large stocks Abbreviation JIT How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In a report of the American Accounting Association on just-in-time systems, one authority sets the standard for setup times at no more than five minutes and cites automobile manufacturers who can change from one car model to another in two and a half minutes. |
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