The Evolving Supply Chain
Almost every industry has experienced one or more significant changes in the last few decades, driven by changes in the areas of manufacturing, fulfillment, technology, and the customer experience. One such example is the (TPS), also referred to as (JIT). Introduced by the automotive manufacturer Toyota, TPS was instrumental in changing the approach toward managing the flow of material in the factory, based on goals of reducing waste, such as over-production, machine or operator wait time, raw material inventory, and rework or scrap. By employing TPS, Toyota greatly reduced lead time and costs, while improving product quality. TPS is regarded as the precursor to lean manufacturing, and has had an enormous impact on the automotive industry in particular and manufacturing in general.