Just-in-time (JIT) has the following key elements: a. High-quality input and output are required. b. Inventory levels

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Just-in-time (JIT) has the following key elements:

a. High-quality input and output are required.

b. Inventory levels are reduced.

c. Production rates become faster.

d. Suppliers become partners, rather than adversaries.

e. Machine changeover (setup) times must be short.

f. Production batch sizes are small.

g. Inventory is pulled through a plant based on market demand.

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Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

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