From an accounting point of view, one implication of an effective just-in-time inventory system is that:

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An effective just-in-time inventory system relies on having minimal inventory on hand and instead relies on timely deliveries from suppliers. This means that the dollar amount of inventories is reduced, and therefore alternative inventory flow assumptions (such as FIFO or LIFO) will produce more similar results. However, this does not necessarily mean that the cost of goods sold is significantly reduced, nor does it affect the recording of purchases and sales transactions. Online point-of-sale terminals may be useful for tracking inventory levels but are not necessarily required for a just-in-time inventory system.

From an Accounting Point of View, One Implication of an Effective