Just in Time Inventory Systems and Cost Accounting
Number of pages:
10
ABSTRACT:
This 10 page report discusses just-in-time (JIT) business philosophy which can result in much improved cost accounting. Essentially all businesses experience some aspect of the same logistics issues, whether their business is health care, airlines, or manufacturing. More and more of those companies have come to realize that instead of cutting staff or sacrificing quality of product, JIT allows a way to save just as much money, if not more, while maintaining the workforce and the quality of the product or service. Because JIT processes as applied to inventory reduces inventory to essentially insignificant levels and groups materials according to product lines rather than operational functions, it changes what were indirect, overhead costs to direct product costs. Bibliography lists 8 sources.
FILE NAME:
File: D0_BWjit.rtf
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