Definition

Related Definitions


Just-in-time Inventory

  • Updated on

Just-in-time Inventory is an approach to boost efficiency and reduce waste. This is practiced wherein exclusive goods needed in the production process are received, consequently shunning the inventory costs. Breaking down the concept, this inventory management system has the aim to have inventory readily available to meet demand, while avoiding unnecessary stockpiling.




Top ASX Listed Companies


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.