What is just-in-time (JIT) inventory system? What are thedisadvantages and disadvabtages of JIT systems? Can JIT imventorysystems

Fantastic news! We've Found the answer you've been seeking!

Question:

What is just-in-time (JIT) inventory system? What are thedisadvantages and disadvabtages of JIT systems? Can JIT imventorysystems be used by healthcare providers? Explain your answer.

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

See More Books

Posted Date: Nov 26, 2022 03:00 PM

See More Questions

Module 3-Assignment B Question 8 of 8 View Policies Current Attempt in Progress Find three bases for R. 0 THE F CR PAGE B H PIGE OG CABE CHE CHE CHCE CHE THA HAR < eTextbook and Medial Save for Later...
What are the inventory accounts used in JIT costing?
JIT manufacturing is just a gimmick for reducing inventory costs; it has nothing to do with quality. Discuss the preceding statement.
Using the information for Sarot, Inc., in SE 4 and SE 5, compute the current ratio, quick ratio, receivable turnover, days sales uncollected, inventory turnover, days inventory on hand, payables...
What major trends are changing the content of the financial statements prepared by financial firms?
A block of mass M = 5.4 kg, at rest on a horizontal frictionless table, is attached to a rigid support by a spring of constant k = 6000 N/m. A bullet of mass m = 9.5g and velocity i of magnitude 630...
If the interest rate at B is 20 percent, then which of the following best describes the analysis of the investment? a. The IRR of the investment is less than 20 percent. b. The IRR of the investment...
The following data relate to notes receivable and interest for Viking Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.) June 3. Received a $24,000, 4%,...
Why would you perform a silent installation? What is the purpose of a password complexity policy? Oracle offers a free download of all editions of the Oracle Database. How does the company derive...
Last year, at Northern Manufacturing Company, 200 people had colds during the year. One hundred fifty-five people who did no exercising had colds, and the remainders of the people with colds were...
3. A 8.00 m long uniform ladder with a mass of 14.5 kg is placed against a frictionless wall so that it makes an angle of 65 with the ground. Bob, a 62.0 kg man, is standing on the ladder 2.50 m from...
How does the strategic use of allusions contribute to the thematic coherence and aesthetic unity of literary works, weaving together disparate strands of cultural heritage and intellectual history to...
Felix Company reported the following year-end amounts: Net Sales $52,500 Beginning Inventory 10,650 Net Cost of Purchases 32,750 Ending Inventory ? Cost of Goods Sold ? Gross Profit 21,760 What is...
In what ways do allusions serve as rhetorical devices, imbuing texts with resonance and depth by evoking shared cultural knowledge, values, and experiences, while also establishing connections...
Describe Conversation to For Profit Status. Why would a hospital undergo the conversion?
Why is sum of present value equal to loan amount $2,000 initial investment with payment is the same at $2,000 over 10 years at 4%?
A Company ABC Ltd. has 2 million shares outstanding. The stock currently sells for $20 per share. Treasury bill rate is 4 percent, and the expected market returns are 12 percent. You've estimated...
For the following exercises, rewrite the sum as a product of two functions or the product as a sum of two functions. Give your answer in terms of sines and cosines. Then evaluate the final answer...
The 'balanced scorecard' approach aims to provide information to management to assist strategic policy formulation and achievement. It emphasizes the need to provide the user with a set of...
You are the management accountant of a publishing and printing company which has been asked to quote for the production of a programmer for the local village fair. The work would be carried out in...
a) Briefly explain how the measurement of divisional performance differs when assessing the achievement of strategic targets as distinct from operational targets. (b) J is a hospital which supplies a...
Identify from Cresseys research the six situational categories that cause nonshareable problems.
Which of the following is true with regard to Cresseys theory of crime causation? 1. For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or...
Identify which of the following is not considered a nonshareable problem from Cresseys research. 1 .Business reversal such as bankruptcy 2.Losses due to gambling 3. Justification of the fraud act by...

What is just-in-time (JIT) inventory system? What are thedisadvantages and disadvabtages of JIT systems? Can JIT imventorysystems

Question:

Expert Answer:

Just in time JIT inventory is a management system in which materials or products are produced or acquired only as demand requires This approach to man... View the full answer

Management and Cost Accounting

Students also viewed these accounting questions