Good example of JIT and what happen if there is a disruption i.e Downtime.. This video is from VISA LEAN MANUFACTURING VISA.
In daily production there are 7 wastes that need to be treat well in order to achieve maximum profit and high productivity. In Lean manufacturing or Toyota Production System the 7 wastes are: Overproduction, Waiting time, Transportation, Inventory – over stock (unnessary stock), Too many motion, Over processing and, Defective parts or unit also known [...]
The process of eliminating wastes and all non-required activities to maximize productivity and profitability is known as lean manufacturing. It is also known as assembly line, which is now a focal point of all major Industrialists to improve their productivity. Henry Ford, owner of the ford motor company, brought in the concept of lean manufacturing. [...]
