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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
Even interior construction is revolutionized, with complete upper and lower halves built near the line and delivered on a just-in-time basis.
At the beginning of the lean revolution, the logistics systems weren't really capable of just-in-time delivery.
But you know, some of those automobile plants shut down because the just-in-time delivery of the parts was not possible.
Technology advances international competitiveness by bringing in just-in-time delivery and client specific products.
The company reckons that its customers now want total services packages that include warehousing, stock control and just-in-time delivery.
We moved it and smoothed it out and provided just-in-time delivery, much like you do in the civilian sector.

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