Just in time

This is an inventory strategy which minimises inventory held by the business.

Just in time uses calculations of the amount of stock or materials required compared with the delivery time for new stock or materials. The objective is to hold the minimum level of inventory without affecting production or sales through lack of materials or stock. It is usually used with rapid procurement procedures and tightly managed logistical arrangements.

Just In Time Business

Just in time is a term normally found in management accounting, business and strategic management.

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