Glossary

An inventory control system that controls material flow into assembly and manufacturing plants by coordinating demande and supply to the point where desired materials arrive just in time for use. An inventory reduction strategy that feeds production lines with products delivered "just in time". Developed by the auto industry, it refers to shipping goods in smaller, more frequent lots.

A method of controlling and reducing direct and work-in-process inventory by having suppliers deliver material "just in time" to manufacturing.