Just In Time Benefits For Mcdonalds Accounting Essay
McDonalds uses JIT system in which it doesn't commence to cook (reheat and assemble) its requests until the order is being placed. In the beginning it used to preheat a batch of hamburgers and let them be under high temperature lamps for as long as possible. And finally the burgers that were not sold were discarded. A particular order had to be made to get a brand new burger through the old system. McDonalds has developed new burger making technology which assists in making burgers..
Literature Review On Jit And Low fat Production
To keep the very least level of inventory is named Just in time inventory system. Goods are available whenever we want to work with the products or when we want dispatch the products.
Just in time is a philosophy of management. Just in time also means that the goods are based on the mind of customer in respect of quality, design, features, volume etc.
JIT also signify t minimize the throw away of the creation. When we minimize the misuse our cost of development will reduced and return..