Many companies now employ just-in-time (JIT) techniques to reduce inventory and costs and to streamline their business

Question:

Many companies now employ just-in-time (JIT) techniques to reduce inventory and costs and to streamline their business processes. A company that uses JIT will need to modify its budget process to accommodate the change in operations.

Required
Briefly describe the budgeting process that might be employed by a company that uses JIT.