Asked Feb 15, 2020

What is a just-in-time management system?


Expert Answer

Step 1

Cost management system:


The system or unit of the entity which is responsible for management of various costs incurred during a particular period is referred to as the cost management system.

Step 2

Just-in-time management system:


Just-in-time (JIT) management system is an approach to manufacturing that eliminates and reduc...

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