Just-in-time

{
  "id": "MLC-T-IND-003151",
  "term": "Just-in-time",
  "field": "Industrial and trades",
  "definition": "A production and inventory management strategy focused on receiving goods, components, or materials only as they are needed in the production process. This approach minimizes inventory holding costs and reduces waste by eliminating excess stock. It requires highly coordinated supply chains and precise forecasting to avoid production delays.",
  "synonyms": [
    "JIT"
  ],
  "subject": "Manufacturing",
  "see_also": [
    "JIT"
  ],
  "translations": {
    "de": "Just-in-Time",
    "es": "just-in-time",
    "fr": "juste-à-temps"
  },
  "url": "https://mlchart.com/terminology/industrial/just-in-time/"
}