
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”
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