Just-in time inventory management-jit production , Managerial Accounting

Assignment Help:

Just-in Time (JIT) Inventory management

JIT is a system whose purpose is to generate or to purchase products or components as they are required by customers or for use rather than for stock.

A JIT system is a pull system which responds to demand as opposed to a push system in which stocks acts as buyers between the different element of the system like purchasing, manufacture and sales.

JIT production

Is a production system, that is driven by demand for the finished products whereby each component on the production line is produced only when needed for the next stage.


Related Discussions:- Just-in time inventory management-jit production

Determine abc system and service organizations, ABC System and service orga...

ABC System and service organizations The ABC system has been taken up as applied to a manufacturing organizations with the same efficiency. One basic characteristic of service

What is solvency ratios, Explain Solvency ratios The term solvency refe...

Explain Solvency ratios The term solvency refers of the ability of a concern to meet its long term obligations. The long term indebtedness of a firm include debenture holders,

Determine the profitability ratios in relation to investment, Determine the...

Determine the Profitability ratios in relation to investment a) Return on capital employed/ return on investment b) Return on equity or return on equity share holders' funds

#title.advance accounting research on companies., do you make assignments o...

do you make assignments on Advance Accounting subjects

Cost comprise impact, Cost comprise impact Some of the policy choices w...

Cost comprise impact Some of the policy choices which tend to have the maximum impact on cost comprise: Product performance, configuration, and characteristics Mix and

Accounting cycle, Accounting Cycle is the name given to the combined proces...

Accounting Cycle is the name given to the combined process of recording and processing the accounting proceedings of a company. The series of steps start when a transaction takes p

Cash budget, hi how do we find a schedule of expected cash collections

hi how do we find a schedule of expected cash collections

2010, how to journalize entry. purchased $150,000 of raw materials on accou...

how to journalize entry. purchased $150,000 of raw materials on account, terms of 2/20; n/30

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd