Just In Time

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Just In Time

A supply chain management system designed to reduce carrying costs to a minimum. A firm only orders what it expects for its immediate needs; therefore, it keeps a low inventory. For example, if a retailer believes it will sell 1,000 widgets in a week, it orders precisely 1,000 widgets from its manufacturer. JIT systems require that the retailer at the end of the supply chain can accurately predict demand for its products. They also require that each stage of the supply chain knows exactly how much time it takes to fill an order when it is made. The automotive industry and budget retailers commonly use JIT systems. See also: Lead time, Just in case.
References in periodicals archive ?
The firm believed that to maintain minimal lead times for finished products and just-in-time delivery, the waste involved in storage and shipping of components from plant to plant had to be eliminated.
Just-in-time delivery and processing of materials and components that eliminate process flaws and reduce inventory carrying costs.
FedEx Express will deliver on Christmas Eve, so customers can be assured of just-in-time delivery if they ship by the close of business on Tuesday, Dec.
As a global leader in the semiconductor industry, Microchip undertook the C-TPAT certification to validate its exacting standards for security, and maintain just-in-time delivery cycles to its OEM and distributor customers.
Allegiance also provides integrated services such as clinical and productivity consulting, procedure-based supply packaging, just-in-time delivery and other services to help medical professionals control costs and improve quality in patient care.
Making the purchasing and fulfillment process more efficient through our involvement with GHX is the perfect complement to our existing strategic warehouse capabilities that ensure just-in-time delivery for our customers.
The scalable, secure, end-to-end solution enhances EnvoyWorldWide's just-in-time delivery with a same-day, cost-effective mailing solution ideal for installed base marketing, customer service, billing and sales force automation applications.
The Keithley OEM Advantage Program includes a number of benefits, including free 30-day loans of evaluation units, notification of component or software changes, extended warranties, a personal applications engineer, just-in-time delivery, and volume discounts.
Additionally, the new collaborative manufacturing solution offers Ford and its suppliers real-time views into the production process, enabling just-in-time delivery of parts and reducing costs for Ford, its suppliers, and its customers.
HBA has partnered with the industry leaders United Microelectronics Corporation (NYSE: UMC) for semiconductor manufacturing and ASE Test Limited (Nasdaq: ASTSF ) for IC packaging and test, ensuring customers of high quality, high capacity, just-in-time delivery, and access to the latest technology.
John and Jeff have been charged with developing a world-class infrastructure for ensuring seamless communication between our stores, distribution center, service centers and corporate office, just-in-time delivery of the latest digital and high-tech products and superior service to our customers.