Why is JIT often described as a philosophy, rather than as an inventory management technique?

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Why is JIT often described as a "philosophy," rather than as an inventory management technique?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Question Posted: Jun 10, 2016 05:25 AM

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Why is JIT often described as a philosophy, rather than as an inventory management technique?

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The idea behind JIT Just in Time is to minimize not only inventory but also all nonvalueadded act...View the full answer

Financial and Managerial Accounting the basis for business decisions

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