JIT production system and its effect on achieving competitive advantage for public shareholding industrial companies in Jordan

This study aimed to identify the just-in-time (JIT) production system and its effect on achieving the competitive advantage for public shareholding industrial companies in Jordan. The study population consisted of all 92 public shareholding industrial companies in Jordan, of which a sample of 40 companies was randomly selected. The study questionnaire was distributed on financial officers and accountants (3 questionnaires for each company). The study used the theoretical and field aspects of the descriptive analytical methodology. The study results in general showed that there is a positive and statistically significant relationship between implementing JIT system and achieving competitive advantage for industrial companies i.e. achieving the threedimension competitive advantage (production costs, product quality and financial performance) for these companies is positively affected when they implement the JIT system. The study results showed that applying JIT reduces production costs, and improves industrial companies' product quality and financial performance. The study recommendations included the need for decision makers in industrial companies to adopt and implement the JIT system due to its effectiveness in reducing production costs, improving product quality and enhancing financial performance, which can lead to achieving the competitive advantage for these companies over others in the same industry in light in the ongoing fierce competition among industrial firms nowadays. The study also recommended working towards supporting the infrastructure for implementing JIT system, in addition to conducting other relevant studies to identify the significance of implementing other management accounting systems such as target costing (TC) and activity-based costing (ABC) and demonstrating their impact on achieving competitive advantage for industrial firms, and comparing the results of future studies with those of this study.