Just-in-time ordering

1 topic · 1 source

Science› Energy› Renewable Energy

Solar Energy

A strategy for managing materials used at a project that ensures materials become available as needed to support activities, but are not stockpiled at the project location in excess of what is needed at any point in time. The just-in-time approach controls costs by avoiding the accumulation of inflated inventories, reducing the potential for stockpiled materials to go out-of-date or otherwise become obsolete, and minimizing product storage and management requirements. When applied to hazardous chemicals, this approach reduces waste generation, the potential for mismanagement of materials and the overall risk of adverse impacts resulting from emergency or off-normal events involving those materials.

Cite this definition

APA
MLA
Chicago