Learning Goal: I’m working on a entrepreneurship writing question and need an explanation and answer to help me learn.
Through the years, Toyota has used TPS, JIT, Kanban, and the Andon Cord in its production plants. How have these methods enabled Toyota to improve the quality of its cars and increase the productivity of its workers?
Historically, Toyota has used JIT to control inventory costs, but in the last 15 to 20 years, it has begun stockpiling essential parts needed to produce cars. What factors led to this change in inventory control?
Today, Toyota is a recognized leader in efforts to improve product quality and increase employee productivity in the automobile industry. Do you think the same methods that Toyota uses to manufacture cars would work in other types of businesses? Explain your answer
How did and why did many companies recently move away from the JIT model?