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   

Double Deflation Account payee Out of Pocket
Trade Margin WIP Macro environment
Market risk Qualification period Portfolio Analysis
Entrepreneur Barrel Excise Duty
Authorised Operator Merit Good Bare trust
Mitigating Circumstances Trial contents Seigniorage
Testate Outside The Scope NPO
Pari passu Community Patent Brainstorm
Big Hitter Al Desco N325 Civil Court form
Service mark Aggregate Supply Free Zone Goods
Ransomware Redemption Cessate Grant
Sub silentio Commute Act
Functional Fexibility Dubitante Financial Conglomerate

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 © 2004-2021 Scopulus Limited. All rights reserved.