„Just In Time“
What does Just In Time stand for?
The principle of production and inventory control that prescribes precise controls for the movement of raw materials, component parts and work-in-progress. Goods are expected to arrive when needed for production rather than arriving prior to need and becoming inventory,
Source:
Market and Trade AnalysisView all itemsChase, Richard B., Jacobs, F. Robert, Aquilano, Nicholas J. “Operations Management for Competitive Advantage”. 11th Edition, McGraw-Hill/Irwin, 2006, Page 451.
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