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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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  4. Term of the Dictionary | just-in-time

Term of the Road Dictionary

just-in-time

  • Language : 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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