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time and material refers to a manufacturing context where just-in-time (jit) tools are used to ensure that every step in the supply process adds value, while costs are kept to a minimum.

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JIT manufacturing is a workflow technique intended to speed up response times from suppliers and consumers as well as flow times within production systems.

JIT is a type of inventory management that calls for close coordination with suppliers to ensure that raw materials arrive at the exact time when manufacturing is supposed to start, but no earlier. The objective is to keep just enough inventory on hand to meet demand. With a just-in-time (JIT) inventory system, a business receives products as close as feasible to the moment they are actually required. When a result, a car assembly company that needs to install airbags doesn't have a supply on hand; instead, it gets them as the vehicles enter the assembly line.

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