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Please visit these Web sites for detailed information regarding variable product costing and JIT inventory systems: * http://www.smccd.net/accounts/nurre/online/chtr7.html * http://www.maaw.info/5partsofcostsystem.htm
JIT is just in time and is a philosphy rather than a system. The purpose is to hold little or no stock such that you produce your product in a flexible manner to meet customer demand.
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What are the various Control measures to counter disadvantages of using a computer system?" What are the various Control measures to counter disadvantages of using a computer system?"
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Please visit these Web sites for detailed information regarding variable product costing and JIT inventory systems: * http://www.smccd.net/accounts/nurre/online/chtr7.html * http://www.maaw.info/5partsofcostsystem.htm
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What are the various Control measures to counter disadvantages of using a computer system?" What are the various Control measures to counter disadvantages of using a computer system?"
For a JIT system to be successful the supplier must be willing and able to deliver materials immediately and the quality of delivered materials must be high.
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JIT is an integrated set of activities designed to achieve high-volume production using minimal inventories of parts that arrive at the workstation "just in time."
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