just in time
JUST in TYM
dʒʌst ɪn taɪmListen
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Dictionary meaning
a production and inventory management philosophy in which materials, components, and products are produced or delivered only when they are immediately needed, eliminating the cost and waste of holding excess inventory; developed in Toyota's production system and popularised by Taiichi Ohno, just-in-time manufacturing requires precise synchronisation between supply and demand, highly reliable suppliers, flexible production processes, and short lead times; in everyday usage just in time simply means arriving or completing something at the last possible moment before it would have been too late, with connotations of narrow escape from the consequences of delay
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