just-in-time - Investment & Finance Definition
A production and inventory system that has supplies arriving just as they are needed. Just-in-time systems save companies money and time because they don’t have to pay for storage space or manage as much inventory. Just-in-time inventory strategies were embraced by the Japanese when they rebuilt their industry after World War II. In the U.S., just-in-time was slower to catch on, but it now is frequently used.