Guest
Whenever you buy a complex piece of equipment such as a TV or a car, do you ever wonder: how exactly did they put this all together? This video analyzes Toyota's Just in Time production system. Well, ever since the industrial revolution, that “how” has been a vital question for many businesses. Today, we’re going to look at how in post-war Japan, Toyota helped to create one of the smartest production systems that we have, named “Just In Time”. We’ll look at how it works and how you can apply the philosophy and practises to many other areas of business too. After World War 2, Japan faced some difficult problems; they didn’t have a lot of cash, resources were scarce, and there wasn’t a lot of free land to expand factories. However, Taiichi Ohno at Toyota managed to turn these problems into advantages by slowly creating the Just In Time system. The idea didn’t all come at once, it’s more that through the 50s and 60s, various changes were implemented and improved until the 70s were the wider wo
