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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
For years, just-in-time delivery has been the preferred method for meeting those goals.
Some suppliers make their own just-in-time daily deliveries to Boeing's storage areas.
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.
Ford, the father of modern manufacturing, also pioneered modern business techniques such as lean manufacturing and just-in-time fulfillment.

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