JIT
Business & Finance abbreviation · Logistics, Supply Chain & Trade
| Stands for | Just-in-time |
|---|---|
| Categories | Business & Finance |
JIT stands for Just-in-time, a logistics, supply chain & trade abbreviation also used in technology.
Production and inventory strategy in which materials arrive only as they are needed for production or sale, minimizing inventory and waste. It is a core part of lean manufacturing.
Example: The plant runs JIT, holding only two hours of seats on the line.
Usage notes
Developed at Toyota by Taiichi Ohno and others as part of the Toyota Production System, JIT spread worldwide in the 1980s. Disruptions such as the 2011 Japanese earthquake and the 2020 to 2022 pandemic-era chip shortages exposed its fragility, prompting some firms to hold more "just-in-case" inventory. Kanban cards are a classic JIT signaling tool.
Related abbreviations
More logistics, supply chain & trade abbreviations
- HBL – House bill of lading
- HC – High cube container
- HS – Harmonized System
- HTS – Harmonized Tariff Schedule of the United States
- Incoterms – International Commercial Terms
- ISF – Importer Security Filing
- L/C – Letter of credit
- LCL – Less than container load
- LPN – License plate number
- LTL – Less than truckload
- MAWB – Master air waybill
- MBL – Master bill of lading