Just-in-Time (JIT)
What Just-in-Time (JIT) means in Business GCSE, as defined for AQA, Eduqas.
Definitions of Just-in-Time (JIT)
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Reference: AQA
A stock management method in which materials and components are ordered so they arrive just as they are needed for production or sale, rather than being held in a warehouse.
Ordering stock only as needed, which cuts storage costs and waste but depends on reliable suppliers and risks stockouts if deliveries fail.
A stock control method where materials and components arrive exactly when needed for production, so minimal buffer stock is held.
A stock control method where materials arrive exactly when they are needed in the production process, eliminating the need for warehousing.
A stock control system where materials arrive exactly when they are needed for production, minimising storage.
A production method that involves reducing or virtually eliminating the need to hold stock.
Topics that use Just-in-Time (JIT)
- Influences on business (AQA GCSE)
- Production processes (AQA GCSE)
- The elements of the marketing mix: price, product, promotion and place (4Ps) (AQA GCSE)
- The role of procurement (AQA GCSE)
- Business operations (Eduqas GCSE)
Related terms
- Batch Production
- Buffer stock
- Flow Production
- Job Production
- Procurement
- Efficiency
- Extension Strategy
- Lead times
Using Just-in-Time (JIT) in the exam
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