Just-in-Time (JIT)
A supply chain strategy that minimizes inventory levels by coordinating production and delivery schedules to align closely with customer demand.
Definition
A supply chain strategy that minimizes inventory levels by coordinating production and delivery schedules to align closely with customer demand. The JIT approach reduces warehousing costs optimizes cash flow and improves operational efficiency. However it requires precise logistics planning to avoid stockouts.
Related Terms
Actual Gross Weight
The total weight of a shipment including the product itself packaging materials pallets and any other shipping aids.
Accessorial Fees
Additional fees charged by carriers for services beyond standard transportation.
Advanced Manifest System (AMS)
A U.S. Customs system that requires cargo data (such as shipper consignee and cargo details) to be electronically submitted prior to a vessel's arrival.
Third-Party Logistics (3PL)
A company that provides outsourced logistics services including transportation warehousing order fulfillment and inventory management.
Through Bill of Lading
A Bill of Lading that covers multiple stages of a shipment's journey across various modes of transportation (e.g. sea rail and truck).
TIR Carnet
A customs transit document that allows goods to move across international borders under customs seal without requiring repeated inspections at each country's checkpoint.
Ready to unblock your supply chain?
Join the fastest growing businesses shipping with Cubic.