Just-in-Time Inventory (JIT),   Inventory Technique

 

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Detailed terminology list , in pdf form, will soon be available

 
 

Java
A computer term for a general-purpose programming language created by Sun Microsystems. Java can be used to create

Java applets
A Java program is downloaded from the web server and interpreted by a program running on the computer running the Web browser.

Just-in-Time Inventory (JIT)
An inventory control system that controls material flow into assembly and manufacturing plants by coordinating demand and supply to the point where desired materials arrive just in time for use.

An inventory reduction strategy that feeds production lines with products delivered "just in time”. Developed by the auto industry, it refers to shipping goods in smaller, more frequent lots.

Just-in-Time II (JIT II)
Vendor-managed operations taking place within a customer's facility.
JIT II was popularized by the Bose Corporation. The supplier reps, called "inplants," place orders to their own companies, relieving the customer's buyers from this task.

Many also become involved at a deeper level, such as participating in new product development projects, manufacturing planning (concurrent planning)

 

 

 
 
 
 

 

Get terms alphabetically:  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z   

 
 
 

 

 
 

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