GlossariesGCSE GlossariesGCSE Business GlossaryJust In Time (JIT)

Just In Time (JIT) - GCSE Business Definition

Reviewed by: Steve Vorster

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Just In Time (JIT) is an inventory management strategy used by businesses to increase efficiency and reduce waste. By receiving goods only as they are needed in the production process, costs of holding stock are minimised and the risk of overproduction is reduced. In a Just In Time system, production schedules are aligned with supplier deliveries, ensuring that materials arrive just before they are required in the manufacturing process. For GCSE Business students, understanding JIT is important as it reflects how modern companies manage resources effectively to remain competitive, though it requires precise forecasting and robust logistics to be successful.

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Steve Vorster

Reviewer: Steve Vorster

Expertise: Economics & Business Subject Lead

Steve has taught A Level, GCSE, IGCSE Business and Economics - as well as IBDP Economics and Business Management. He is an IBDP Examiner and IGCSE textbook author. His students regularly achieve 90-100% in their final exams. Steve has been the Assistant Head of Sixth Form for a school in Devon, and Head of Economics at the world's largest International school in Singapore. He loves to create resources which speed up student learning and are easily accessible by all.

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