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Operations Management - Just-in-Time Manufacturing

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Just-in-time manufacturing has been hailed as a revolution in manufacturing because it seeks to eliminate all waste and seeks to continuously improve productivity. Surely, manufacturing firms that have been successful have always sought to limit waste and to improve productivity. So what is so revolutionary about just-in-time manufacturing?

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Solution Summary

The solution traces the origin and success of a method (JIT) practiced by several well-known large manufacturing companies in the US. Recent changes are noted and the solution is cited.

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Although the concept was first successfully practiced by Toyota in the 1950's, it has substantially improved in recent years. Originally designed for the purpose of minimizing the costs of buying and holding inventory, the system has been adopted by other industries with ...

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