What are the key features of Just in Time systems?

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Moataz Ali Sobhi
22-February-2015

Costing Economics

Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/05/02

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1 Answers

by Hemang Patel , accountant , Divine galaxy

Most important features of JUST IN TIME system includes:

Continuous improvement – Quality, Quantity & Cost
Elimination of waste
Reduction in Inventory levels – WIP, FTRM, FG, CACH etc.
Set-up time reduction - increases flexibility and allows smaller batches
Levelled / mixed production - to smooth the flow of products through the factory
Good housekeeping - workplace cleanliness and organization

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