Just-in-time production

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Just-in-time production (JIT production) is demand-pull manufacturing system in which each component in a production line is produced as soon as, and only when, needed by the next step in the production line. Also called lean production.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Just-in-time production (JIT production). Demand-pull manufacturing system in which each component in a production line is produced as soon as, and only when, needed by the next step in the production line. Also called lean production.
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