Business terms and jargon explained. Your business dictionary

What is JIT

Is the abbreviation for "Just in time". This is a stock processing and valuation method where the stock is ordered and received as and when it is needed (just in time). No stock is held or stored for when it is needed other than a nominal amount if at all. E.g if you need 500 bolts a day, then 500 will be delivered first thing today or last thing yesterday.

500 x 5 day = 2500 per week. An alternative method would be to order the 2500 bolts, store them, and use as and when needed.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Standard terms and conditions Committal proceedings Offshore Investments Base Rate
Prime Minister Trade discount Non compus mentis CSS
Accounting Rate of Return Joint Tenants Production Par delictum
Broker Intermediate Consumption N20 Civil Court form Contributions Agency
Period Entry Tax Form - P138S Tax Year Narrowband
Stamp duty Fixer Business case Revenue Trader
Re Company Tax Return Customs Duties Competitive Advantage
Baht Right of Support fringe benefits Surety
VCU Credit Application Form Peel the onion Vest
Suspended sentence Magnum opus Mens rea Representation order

Term created / updated 2006-10-09 13:22:00

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.