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Unformatted text preview: just-in-time (JIT) processing . JIT manufacturing is dedicated to having the right amount of materials, parts, or products just as they are needed. JIT first hit the United States in the early 1980s when automobile companies adopted it to compete with foreign automakers. Many companies, including Dell , Caterpillar , and Harley-Davidson now successfully use JIT. Under JIT processing, companies receive raw materials just in time for use in production, they complete subassembly parts just in time for use in finished goods, and they complete finished goods just in time to be sold. Illustration 17A-1 shows the sequence of activities in just-in-time processing. Illustration 17A-1 Just-in-time processing...
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.
- Fall '11