Business Terms and Jargon Explained

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

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   

Suspended sentence Dissolution Booking Fee
MENA Turnover Third Country
Windfall Profit MasterCard RAR
Back Office Nominee Company Logo
Hidden Economy Nontrade receivables A.K.A
Loan Shareholder agreement N227 Civil Court form
Retained earnings Paanga Marketing Strategy
Applet AVC Capital
Mediation Safe Encode
Arraignment Digital Certificate Accounts payable
Administrative Court Real Exchange Rate Demurrage
N265 Civil Court form Preamble Marginal Cost Pricing
Corner a market Company Car MD2

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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

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