Cost control concerns have largely been replaced with concern for nonfinancial measures in JIT settings.

Question

Quizplus · Accepted Answer

In JIT (Just In Time) settings, the focus is not just on reducing costs but also on improving quality, reducing lead time, increasing efficiency, and achieving customer satisfaction. Therefore, nonfinancial measures such as delivery performance, defect rates, machine uptime, and employee training are just as important as financial measures in achieving success with JIT.

Cost Control Concerns Have Largely Been Replaced with Concern for Nonfinancial