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Just In TimeTerm from the sector of business administration. The basic idea is an adoption of the short-term materials requirement planning to the order situation such that the production on all levels from material procurement to the completion of the final product is realised at call. An operating transport chain timely adjusted to production is of singular importance; stockkeeping and transport entailing capital tie-up no longer occur |
Just-In-Time (JIT)With this method of inventory control, warehousing is minimal or non-existent. The container is the movable warehouse and must arrive “just-in-time” ? not too early, not too late |
