Just In Time at Business Glossary
What is it? 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.Business Dictionary Term Definition Added By: Sophia
The Just In Time definition has been viewed 408 Time(s)!
Send To Friends!
If you'd like to send the Just In Time definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Just In Time. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Business Terms:
Business Term Award is Legally binding document stating the government has obligated funds, including direct costs and facilities and administrative costs. See also grant and contract.Business Term staffing policy is Strategy concerned with selecting employees for particular jobs.
Business Term current rate method is Using the exchange rate at the balance sheet date to translate the financial statements of a foreign subsidiary into the home currency.
Business Term Inflation is Loss of purchasing power of money caused by growth of the amount of money in circulation and reflected in a rise in prices without a proportionate increase in value of the things purchased..
Business Term EIR is See employee invention report.