What is a just-in-time management system?
Chapter1: Financial Statements And Business Decisions
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What is a just-in-time management system?
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Step 1
Cost management system:
The system or unit of the entity which is responsible for management of various costs incurred during a particular period is referred to as the cost management system.
Step 2
Just-in-time management system:
Just-in-time (JIT) management system is an approach to manufacturing that eliminates and reduces the non-value-added activities and it concentrates on both product quality and efficiency.
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