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The Evolving Supply Chain

In: The Profitable Supply Chain

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  • Ramnath Ganesan

Abstract

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.

Suggested Citation

  • Ramnath Ganesan, 2015. "The Evolving Supply Chain," Springer Books, in: The Profitable Supply Chain, chapter 0, pages 247-254, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4842-0526-6_8
    DOI: 10.1007/978-1-4842-0526-6_8
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