Just-In-Time and Jidoka: It’s About “Time” Too
I’m not sure exactly when the metamorphosis happened, but I indelibly remember when I started reading that JIT (Just-in-time) was an inventory management system. To make matters worse, Production Planning and Purchasing managers were saving their companies very large bucks by moving their inventories to the books of their suppliers. Wasn’t this great! Instant cash! And some managers were really brilliant in that their future inventories were now in a supplier owned warehouse just across the street from them. This…