The role of management accounting in just-in-time production

To cope with the increasing development and intense competition in the product market, the manufacturers need to transform their production line in accordance with market demands in order to maintain their position in the market. Considering the unpredictable market volatility, storage of the products and goods in warehouse proves to be risky because in the meantime the stored products may lose their popularity in the market. Hence, it is better for the manufacturing organizations to take precautionary measures in order to deliver their products to the consumers without keeping them in warehouses. Organizations should also be agile flexible toward market changes and develop their production process accordingly, in order to avoid storage of manufactured commodities as well as to keep up with the market demands. This case study focuses on the end product and storage of consumer goods in the warehouse. The present article presents solutions by which the manufacturing companies can deliver their products to consumers without having to store them in the warehouses; this article also presents solutions for organizations to stay agile flexible toward market changes in order to maintain their position and survive the competition. (C) 2015 IASE Publisher. All rights reserved.