JIT

{
  "id": "MLC-T-IND-003130",
  "term": "JIT",
  "field": "Industrial and trades",
  "definition": "An abbreviation for Just-In-Time, a manufacturing and inventory management strategy that aims to reduce waste by receiving goods only as they are needed in the production process. This approach minimizes inventory holding costs and improves efficiency by synchronizing production with demand. JIT systems rely on precise forecasting and strong supplier relationships.",
  "subject": "Manufacturing",
  "translations": {
    "de": "JIT",
    "es": "JIT",
    "fr": "JIT"
  },
  "url": "https://mlchart.com/terminology/industrial/jit/"
}