From Elsmar Cove Quality Assurance and Business Standards Wiki
Just-In-Time (aka JIT) – (1) "Just-In-Time"...Maintaining minimal inventory by arranging with suppliers to deliver the needed items daily or even hourly. Has major inventory cost-saving benefits, but can be accomplished only if high levels of quality are consistently available from suppliers. (2) "just- in-time training" - providing training when it is needed and when there is both the opportunity and support for applying that training. (3) A method for optimizing processes that involves continual reduction of waste; (4) the toyota motor company production system; (5) an umbrella term that encompasses several Japanese management techniques. (6) JIT Purchasing an approach to purchasing that requires long-term agreements with few suppliers.
