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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
7 / 1800 |
Essay's paper body
JIT accounting systems are similar to process costing; the vehicle for collecting costs is the time in the system, not a work order.
There was a major need for this process because before the introduction of JIT, there were a lot of manufacturing defects for the existing system at that time. This included inventory problem, product defects, risen cost, and large lot production and delivery delays...
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This included inventory problem, product defects, risen cost, and large lot production and delivery delays. The inventory problems included the unused accumulated inventory that was not only unproductive, but also required a lot of effort in storing and managing them. Other implied problems such as parts storage, equipment breakdowns, and uneven production levels...
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