just-in-time


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just-in-time

adj
(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
References in periodicals archive ?
Hay believes that a company's principal reason for considering just-in-time in the first place is the major factor in the eventual success or failure of its installation.
Our first quarter results were negatively impacted by declines in both price and volume for most of the refrigerants we sell, with many customers resorting to a just-in-time buying pattern for all refrigerants, as opposed to the typical pre-season inventory stocking in anticipation of the impending cooling season.
The solution will provide flexible and efficient materials management as well as just-in-time deliveries for the assembly process.
Web-based control of just-in-time transactions between multiple facilities and subsidiaries of the same company is provided by a new Intercompany Transaction (ICT) software module for the EnterpriseIQ enterprise resource planning (ERP) system from IQMS, Paso Robles, Calif.
Kimberly-Clark executives say they firmly believe that RFID will give the retail industry the ability to achieve just-in-time efficiencies similar to those of Toyota Motor Corp.
Their pitch to government and industry is that the Sault is a more efficient corridor to transport goods for just-in-time delivery than through more congested transfer yards and border crossings in southern Ontario.
With implementation of just-in-time delivery processes, it also has reduced medical inventories in department supply depots from an average of 380 days to seven, with corresponding inventory reductions at military treatment facilities.
Some manufacturing companies have also been adopters of BC planning, particularly those who are reliant on just-in-time (JIT) strategies and who worry whether vendors will be able to fulfill the commitments they've made.
Just-in-time fulfillment-combined with sophisticated information-technology systems that speed the flow of goods from suppliers to manufacturers to distributors to consumers--has taken the slack out of supply chains.
Possibly the greatest benefit derived from this proximity is the ability to be flexible and shrink leadtimes on casting orders to supply components to our customers in a just-in-time basis, meeting and surpassing their delivery requests.