Just In Time - JIT

A system of stock systems to receive raw materials in a timely manner to the needs of manufacturing, and therefore there is no need to store raw materials, and it needs to coordinate production with suppliers until the raw materials or components arrive as required in the production process. As we can see, any delay from the supplier will cause the production process to stop.

Just-In-Time is an inventory management system that minimizes storage costs by receiving materials only when needed for production.

- Used in product/service costing, budgeting, and variance analysis.
- Used to support pricing decisions and profitability analysis by cost behavior and drivers.

- Example: The costing team uses **Just In Time - JIT** to allocate costs and analyze margins by product line.

- Why it matters: Improves cost accuracy, supports better pricing and budgeting, and strengthens performance measurement.