Definition: Just-in-time is a lean manufacturing philosophy that aims at decreasing in-process inventory and associated costs by supplying parts only when the assembly process requires them. |
More on manufacturing: 5 Whys, Changeover, Contract Manufacturing, Cradle to Cradle, Experience Curve, more on manufacturing... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
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