"Just-In-Time"

Paper Summary:

This paper analyzes the "Just-In-Time" (JIT) production system in which the production and movement of goods are expedited in a more efficient method, while effectively improving upon the financial/accounting process of the organization. It covers various issues pertaining to the JIT process, providing readers with an increased awareness of how the JIT process affects the financial/accounting process of an organization.
Outline
Introduction
Definition and History of Just-In-Time Inventory
Just-In-Time Inventory Suitable Environments
The Benefits of Just-In-Time Inventory
Suppliers Benefits
Electronic Data Interchange (EDI)
Conclusion

From the Paper:

"Anheuser-Busch used JIT with breweries and retailers. Finished product loss (FPL) also known as, out of code, is an ongoing expense at Anheuser Busch (AB). Due to the ongoing concern about quality and freshness to the consumers, AB began to pick up this huge expense with the born on date. This born on date was a great idea but brought about a large expense as well. The package products have a shelf life of 110 days while draft is only fresh for 50 days of its born on date. Beer that is found over this shelf life is taken out of the account and they are issued credit for every bottle or gallon taken. Anheuser-Busch concentrates on quality control and customer service tirelessly and this is why they are a Fortune 500 company and the number one beer distributor in the world. "

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