The impact of just - in - time production system on accounting: An applied study

The Impact of Just – In – Time Production System on Accounting: An Applied Study Nowadays, competition among firms has intensified with the development and expansion of computer technology, communication networks and technology. In this competitive environment, due to the necessity of increasing productivity and quality, firms have moved towards the planning and control of production systems. Firms have developed various methods and production systems to drop theircosts. One of these systems is the '' Just – In – Time '' ( JIT ) production system that follows zero inventory and zero – defect policy. JIT production system became more important with the emergence of the oil crisis. In this system, it is important that the limited resources available are managed effectively. Firms are implementing the Just – In – Time production system in order to produce and deliver goods and services in a timely manner to meet consumer demands and needs, to minimize stocks, to reach maximum quality, to increase flexibility in production, to increase productivity, to eliminate waste, to reduce costs and to achieve excellence in production. The JIT system aims at eliminating wastage and identifying problems related to quality while presenting high quality products to consumers at the desired time and at the desired amount at minimum cost. Key words: Just In Tıme System, Lean Accounting, Zero Stock, Zero Defect