just-in-time

just-in-time definition - finance
A production and inventory system that has supplies arriving just as they are needed. Just-in-time systems save companies money and time because they donÂ’t have to pay for storage space or manage as much inventory. Just-in-time inventory strategies were embraced by the Japanese when they rebuilt their industry after World War II. In the U.S., just-in-time was slower to catch on, but it now is frequently used.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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