Term sheet


  • Dictionary : PIARC Road Dictionary/ English
  • Theme : Financial and Legal Tools / Finance and Procurement / Economics and Finance
  • Definition : Minimization of work-in-progress and of finished stock by the control of inter-process movement in the supply chain by a pull system based on reduced batch size.
    Note: in the broad sense JIT is an approach to achieve excellence based on the continuing elimination of waste (i.e., those things which do not add value to the product) [EN 14943].
  • Grammar : n
  • Abbreviation : JIT

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