Your managing director, after hearing a talk at a branch meeting on just-in-time (JIT) manufacturing would like the management to consider introducing JIT at your unit which manufactures typewriters and also keyboards for computing systems.
You are required as the assistant management accountant, to prepare a discussion paper for circulation to the directors and senior management, describing just-in-time manufacturing, the likely benefits which would follow its introduction and the effect its introduction would probably have on the cost accounting system.