Zero inventory is one of the issues of the 21st century manufacturing industry. A company is required to generate efficiencies and cost effectiveness. High utilization and profits are comparable. Zero inventory can be achieved with lean production. Giant world famous company that has proven to perform lean production is the Toyota. Evidence can be seen in the book The Toyota Way. How a company can apply lean production? Underlying philosophy is Just In Time (JIT).
Tag Archives: Philosophy
As mentioned in previous post, Mission describes the question : where are you going? Once a company determines a vision, then the next thing to do is to determine the mission. Then, what factors affect a company in determining the mission? Here is the illustration in the form of images.