Investor Glossary-jitInvestor Glossary-jitInvestor Glossary-jitInvestor Glossary-jitInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

JIT

The HTML to link to this page
 

JIT, or "just in time," is a strategy used in inventory management. With the JIT strategy, companies aim to decrease waste and inventory costs by receiving goods only when they are needed to produce products. JIT inventory management thus increases efficiency, and is used by companies that prefer to keep low inventory levels. JIT is the opposite of JIC, or "just in case," in which companies carried large inventories in the event that demand spiked. In order for JIT to work correctly, the company must be able to predict demand for the product and how much inventory will be needed at what stages of production. JIT also depends on a reliable supply chain for the effective, timely delivery of parts.



Rate this JIT definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: real GDP, inflation, phantom income, liquidity ratio, per diem, retained earnings, FICO score, Key Rate Duration, Zero Cost Collar, deferred tax, covered put, labor relations, irrevocable trust, ex-dividend date, minority interest, option premium, command economy, 1031 exchange, 1035 exchange, 401a, dividends payable, risk management, current ratio, LIBOR, balance sheet, open position, VIX, implied volatility, EBITDA, in escrow, 144a, margin rate, stock market close, quality assurance, reverse mortgage, stock split, diluted share, wholly-owned subsidiary, required rate of return, average price per share, debt service coverage, APR, annual return, ex-dividend, cancelled check, deferred revenue, FTSE, limit order, class C shares


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use