Chapter 2How Toyota Became the World's Best Manufacturer: The Story of the Toyoda Family and the Toyota Production System

I plan to cut down on the slack time within work processes and in the shipping of parts and materials as much as possible. As the basic principle in realizing this plan, I will uphold the "just in time" approach. The guiding rule is not to have goods shipped too early or too late."1

—Kiichiro Toyoda, founder of Toyota Motor Company, 1938

 

The most visible product of Toyota's quest for excellence is its manufacturing philosophy, called the Toyota Production System (TPS). TPS is the next major evolution in efficient business processes after the mass production system invented by Henry Ford, and it has been documented, analyzed, ...

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