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What does just-in-time mean?

Looking for the meaning or definition of the word just-in-time? Here's what it means.

Adjective
  1. Taking place at the time when it is needed, and not in advance.
    1. (operations) Of a manufacturing system in which components are delivered at the precise time required, thus minimizing inventory carrying costs.
    2. (computing) Performing compilation of code on the client machine immediately before execution.
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Examples
Technology advances international competitiveness by bringing in just-in-time delivery and client specific products.
His task is to deliver a just-in-time store, steering a crew of about 20 unpackers, stockers, sweepers and fix-it people.
But you know, some of those automobile plants shut down because the just-in-time delivery of the parts was not possible.
Even interior construction is revolutionized, with complete upper and lower halves built near the line and delivered on a just-in-time basis.
To allow for just-in-time storage, an enterprise volume manager program will be needed to manage the volume size.
We buy from the mills and depot aluminum on our floor for just-in-time delivery to customers.

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