Just-in-time purchasing

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Just-in-time purchasing (JIT purchasing) is the purchase of materials (or goods) so that they are delivered just as needed for production (or sales).

Definitions

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

Just-in-time purchasing (JIT purchasing). The purchase of materials (or goods) so that they are delivered just as needed for production (or sales).

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