Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Categories
Tip of the Day

Tip of the Day Find Out About Homeowner Taxes

Find Out About Homeowner Taxes - Before purchasing a home find out what the property taxes are going to be on that home. In some cases, the mortgage that you...

read entire tip

Recently Added
Other Great Sites
 

Just-in-Time (JIT)

Definition: Just-in-time (JIT) manufacturing is a process by which companies don't keep lots of excess inventory; instead, they manufacture a product as an order comes in.Advice: JIT is an important topic for manufacturers.  Companies that employ it effectively can decrease their inventories and increase overall efficiencies.  Decreasing inventory allows companies to decrease waste, which saves lots of money; however, this often comes at the cost of slower completion times to fill orders.

 

Discuss It!

Jonny Boy said:

I have this as a definition - came from my 1st year College: Just-In-Time - Just-In-Time is a warehousing and transportation term that refers to goods arriving at a destination at the point that it is required at a plant or facility. Just-in-time or JIT reduces the cost of inventory storage and management. This strategy is used widely in the automotive and manufacturing industries. The vendor delivers product or raw materials to a supplier just prior to processing. Some drawbacks are that the timing is critical, and this process must be 100% error free, as a delay can result in a product line shut-down, which is more expensive than short term inventory management costs.

Luis said:

Thanks for your comment. it helped me ^^

Scott Pollard said:

Politically, there was no need for that comment. add me on facebook and lets sort this out you twat.

Amz said:

Thanks Jonny helped a lot boss

Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Cost of Equity Capital

Cost of Equity Capital - Cost of equity capital is a calculation to tell how much a company or corporation's common stockholders will require to generate a specific rate or return. This is normally accomplished by taking the dividends earned on each share and dividing it by the share's current...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

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

Copyright © 2009 TeenAnalyst.com