Just in time
Updated: Tue, 17 Mar 2015 by Rad
Just in time
Just in time is a production strategy that strives to improve a business' return on investment by reducing in-process inventory and associated carrying costs.
Toyota and other companies that adopted the approach ended up raising productivity (through the elimination of waste) significantly. To meet JIT objectives, the process relies on signals or Kanban between different points, which are involved in the process, which tell production when to make the next part.
Just in time is simple idea and involves:
- producing and delivering finished goods 'just in time' to be sold
- partly finished goods 'just in time' to be assembled into finished goods
- parts 'just in time' to go into partly finished goods
- materials 'just in time' to be made into parts
IT - compilation
Just in time in IT is sometimes used to describe an action such as compilation or object activation only at the time when it becomes necessary.This term is associated mostly with software compilation. JIT compilation is mainly designed for high-speed code execution and support for multiple platforms.
Learning
Definition Just-in-time learning systems deliver training to workers when and where they need it. Rather than sitting through hours of traditional classroom training, users can tap into Web-based tutorials, interactive CD-ROMs and other tools to zero in on just the information they need to solve problems, perform specific tasks or quickly update their skills.
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Just in time - from around the web
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