What is it ? Production strategy Also called as TPS (Toyota
Production System) In 1926 was used in Japan. Improves
production
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Philosophy Inventory=Waste Expose hidden cost Do not waste your
time Premium quality of your gods
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JIT Strategy Production planned by orders. Motivating people
Make sure your production is premium quality Very often supplies (x
times a day) Small production series Prevent from loss
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Advantages Lower stock holding Your product is almost sold when
you product it. Lower cost
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Disadvantage Big amount of traffic Custom and spedition
problems Un ecological
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How to implement JIT You have to have good relationship with
your suppliers You have to trust each other. You have to have good
infrastructure in your country You have to choose good business
partners. You have to place your factory to good position.
