单词 | just-in-time |
释义 | just-in-time A system of production using minimal inventories, and relying on prompt and frequent deliveries of materials and components from suppliers arriving just before they are needed. This system also relies on prompt and reliable reporting of stock holding, which is facilitated by the use of computers. It has the advantages of reducing the space needed to store inventories, and the interest costs of financing them. It also helps to improve reliability: with low stocks few unsatisfactory inputs are bought before their defects are discovered. The just-in-time system may merely transfer the burden of holding stocks to suppliers, and is easily disrupted if transport arrangements break down. |
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