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creativ13 [48]
1 year ago
8

Discuss how the JIT concept differs between manufacturing and service companies.

Business
1 answer:
mylen [45]1 year ago
4 0

Similar to manufacturing, services use methods that add value to the raw materials required to make the finished product. JIT emphasizes the process rather than the end result. Therefore, it may be applied to any set of processes, whether they are involved in manufacturing or providing services.

In the context of the industrial and service industries, the Just in Time (JIT) system: Companies use just-in-time (JIT) inventory strategies to boost productivity and cut waste by only ordering products when they are actually needed for manufacturing, which lowers inventory expenses.

Between service and manufacturing organizations, there are five key differences: the tangible nature of their output; production on demand or for inventory; production tailored to the needs of a particular customer; labour-intensive or automated operations; and the requirement for a physical production location.

In reality, though, service and industrial firms have a lot in common. Many manufacturers have their own service departments, and both industries need trained workers to run a successful organization.

Learn more about JIT here:

brainly.com/question/16016464

#SPJ4

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Profit on sale of fixed assets is used to creat
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Answer:

profit and loss account

Explanation:

The turnover ratio of total working capital shows the success of working capital management. It is in fact a ratio that expresses how many times on average, during one year, working capital was used to pay the total expenses of the company.

A combination of data from the balance sheet and income statement is obtained, more specifically, it is the ratio of total business spread and average working capital of the company

4 0
2 years ago
In order for the United States to have a treaty with a foreign country the
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3 years ago
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During 2018, Angel Corporation had 900,000 shares of common stock and 50,000 shares of 6% preferred stock outstanding. The prefe
AfilCa [17]

Answer:

$6.5 per share

Explanation:

Given that,

Net income = $6,000,000

Preferred dividend = $150,000

Weighted average number of common shares  = 900,000

Angel's Basic earnings per share:

[Net income - Preferred dividend ] ÷ Weighted average number of common shares

= [$6,000,000 - $150,000] ÷ 900,000

= 5,850,000 ÷ 900,000

= $6.5 per share

4 0
3 years ago
Have you ever witnessed fan misbehavior? describe the experience and how it impacted the value you received from the experience.
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What is Misbehavior?
One of the serious issues, especially in secondary school, is when students misbehave or engage in negative class participation, which can include disruptive talking, chronic work avoidance, clowning, interfering with teaching activities, harassing classmates, verbal insults, rudeness to teachers, defiance, and hostility.

Main Content

from students will differ. The consuming situation and environment will typically have the greatest impact on value for other consumers. especially how bad fan behavior makes it difficult for them to see, hear, or otherwise enjoy the event. Typically, fans' inappropriate behavior, such as chanting obscenities at officials, makes customers feel uneasy or terrified. These incidents also interfere with the quality of the shopping experience. Numerous victims of inappropriate fan conduct claim they were unable to concentrate on the event or were unable to fully engage out of concern for retaliation.

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6 0
2 years ago
For the past 60 years, _____ have been applied to structured tasks such as record keeping, simple clerical operations, and inven
natali 33 [55]

Answer:

<u>Transaction - processing systems</u>

<u>Explanation:</u>

For simplicity, since record-keeping, simple clerical operations, and inventory control are all related to transactions, then transaction-processing systems refer to systems that ensure that such transactions are successfully carried out.

For example, online retail outlets use transaction-processing systems to control inventory, as this system is responsible for noting every successful order of their listing page.

4 0
3 years ago
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