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What does it mean when a company uses a just-in-time system?

April 26, 2017COMPANY Education just-in-time mean Reference system uses Wordplay words

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What does it mean when a company uses a just-in-time system?

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Our train company uses JIT, so for example we know our trains will need a major exam, the standard parts cost >£1 million, so we order them as near as possable to the time there going to be needed thereby saving money by having expensive in parts standing stores for the minimum time.