![Just-in-time supply chains rely on close sourcing. Worldwide shipping as shown in this photo can be counterintuitive.](https://www.axcontrol.com/blog/wp-content/uploads/2021/12/timelab-pro-CfKV0CecnU8-unsplash-1024x545.jpg)
Just-in-time supply chains have been the standard for many companies for decades. Originally developed in the 1950s by Taiichi Ohno, a Toyota engineer, this inventory philosophy relies on suppliers delivering components just as they are needed. This reduces the need to tie up capital in on-hand inventory, as well as the cost for warehouse space to house it all.
Continue reading “Just-In-Time Isn’t Dead, But It Needs Adjustment”
You must be logged in to post a comment.