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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 ^^
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