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Business Terms Dictionary

Just-In-Time (JIT)

A lean inventory management strategy focused on minimizing inventory holding by producing or ordering products and materials exactly when required, eliminating unnecessary storage costs and waste.

What is it used for?


Just-in-Time (JIT) is used to make production and logistics more agile and efficient by keeping inventory low, cutting storage and handling costs, improving quality through early error detection, streamlining processes, increasing flexibility to respond to demand changes, and strengthening coordination with suppliers. 

Overall, JIT enables businesses to produce exactly what’s needed, when it’s needed, making the most of resources and boosting customer satisfaction.

Learn more about Just-in-Time in less than 2 minutes.