View source for Just-in-time purchasing

[[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).

[[Category: Accounting]][[Category:Articles]]