You are to examine and discuss ONE (1) of the following contemporary cost and management accounting techniques that Perodua Malaysia have adopted to reduce/control their operating costs and to achieve their profitability and non-financial objective. Give an illustration or examples of how this technique is used in Perodua Malaysia.

 Contemporary Cost and Management accounting techniques are: 

1. Just-In-Time Inventory system (JIT) 

2. Target Costing 

3. Total Quality Management (TQM) 

4. Environmental Management Accounting (EMA) 

5. Kaizen Costing 

6. Life Cycle Costing (LCC)

(select one** Prefer JIT system)