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   

Trade secret BIOS Community Patent
N266 Civil Court form Ogden tables Lord Chancellor
AMOGA 2FA Obligor
Dividend cover Above-board Two-comma
Cestui que trust Obsolete Customer
Contra Title EAT
Planchet Kiosk Information Assets
Market share Free Zone Goods Annuitant
OTR Give as you earn (GAYE) Project support Office
Import Duty In terrorem Writ of venire de novo
Real Political equity Administrator
State of the art Consolidated supervision Direct Representative
Adjudicator Woolf Reforms Bona fide

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.