The impact of Just-in-Time on costing

A. Seetharaman, Jayashree Sreenivasan, Raghunathan Bathamenadan and Raju Sudha

International Journal of Management and Enterprise Development, 2007, vol. 4, issue 6, 635-651

Abstract: Just-in-Time (JIT) manufacturing has received a great deal of attention worldwide ever since it was introduced in Japan a few decades ago. Its implementation has the ultimate purpose of waste reduction. The main benefits of JIT implementation are the reduction of inventories, lead-time reduction and cost savings. The study explores the impact of JIT manufacturing systems on financial accounting metrics, especially costing. The impact of JIT on a firm's inventory and other areas, such as manufacturing efficiencies with respect to employee performance and other nonfinancial areas, are also discussed, with a special focus on Small and Medium Enterprises (SMEs).

Keywords: just-in-time; JIT manufacturing; JIT production; JIT implementation; quality; cost savings; small and medium-sized Enterprises; SMEs; JIT purchasing; waste reduction; inventory reduction; lead-time reduction; financial accounting; costing; manufacturing efficiency; employee performance. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmede:v:4:y:2007:i:6:p:635-651

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