A production plant orders components not as forward stock but in the quantity it will consume before the next delivery – recalculated daily.
Source: https://www.investopedia.com/terms/j/justintime.asp
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.