Do It Right the First Time (DRIFT) - Explained
What is DRIFT in Accounting?
Written by J. Mance Gordon
Updated at April 18th, 2024
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What is DRIFT?
Do it Right The First Time, also known as DRIFT, is a managerial accounting theory that relates to just-in-time (JIT) inventory system. The idea behind DRIFT is for management to ensure that all the JIT processes are efficiently carried out to avoid delays in the production process.
In most organizations, cutting waste resulting from anything that is not done right for the first time is the best way of ensuring that your business seizes all the opportunities that come its way.
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