Toyota's recent production malfunction is surprising given its world renowned 'just-in-time' (JiT) principle.
, are causing many companies to question the JiT production model that has been established for years and to rethink it in the interest of greater safety, especially because of supply shortages.
For more information on how to avoid risk by building visibility and collaboration into supply chain planning, simply download the latestTo ensure the availability of the correct products in the right places, employing inventory optimization strategies is recommended. These methods determine the appropriate quantities of finished goods, intermediates, and raw materials for each location, potentially resulting in higher stock levels for some items and lower levels for others.
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