Definition Definition

Just-in-time (JIT) inventory method

Just-in-time (JIT) inventory method is an inventory system in which companies manufacture or purchase goods just in time for use.

Many companies have significantly lowered inventory levels and costs using just-in-time (JIT) inventory methods. Under a just-in-time method, companies manufacture or purchase goods just in time for use. Dell is famous for having developed a system for making computers in response to individual customer requests.

Share it: CITE

Related Definitions