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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1618 |
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History of the Just-In-Time System
The Just-In-Time system (JIT) was first developed in the 1970’s by Taiichi Ohno who worked for the Japanese Toyota Motor Company. Mr Ohno developed the Just-In-Time system after observing and improving upon Henry Ford’s system used in the manufacture of Ford cars in America...
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(12manage, 2007).
As described by Henry Ford he “found in buying materials that it is not worthwhile to buy for other than immediate needs. We buy only enough to fit into the plan of production, taking into consideration the state of transportation at the time ... That would save a great deal of money, for it would give a very rapid turnover and thus decrease the amount of money tied up in materials†(Ford, 1923)...
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