Philosophy of
Toyota's approach in this respect is that there is no inventory apart from that being processed. Toyota achieves this by having no overproduction, by minimising lot size and aiming for single piece working.
See also
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Pull-Through Production — A method used in just in time manufacturing processes to order production inputs and schedule manufacturing at the time a customer places an order. By basing purchase orders and manufacturing schedules on actual, rather than anticipated, orders,… … Investment dictionary
Push inventory — Philosophy of inventory where supply (inventory) is allocated from the production site to the warehouses based on the forecast for each warehouse. This method can best be applied when production quantities exceed the short term quantities of… … Wikipedia
Push–pull strategy — The business terms push and pull originated in the marketing and advertising world,Fact|date=April 2007 but are also applicable in the world of electronic content and supply chain management. The push/pull relationship is that between a product… … Wikipedia
system pull — 1. adjective a) A new computer part that has been removed from an unused, assembled system. b) A new computer part that has not been unpacked, but is excess inventory from an end of lifed system configuration. 2. noun Such a computer part … Wiktionary
Just-in-time (business) — Just in time (JIT) is an inventory strategy implemented to improve the return on investment of a business by reducing in process inventory and its associated carrying costs. In order to achieve JIT the process must have signals of what is going… … Wikipedia
Material requirements planning — (MRP) is a production planning and inventory control system used to manage manufacturing processes. Most MRP systems are software based, while it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three… … Wikipedia
Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… … Universalium
Magic satchel — is a term often used in reference to computer role playing games. It refers to the use of a character s inventory in the game, which can often contain more items (or items of too large a size) than is physically possible for the character to… … Wikipedia
logistics — /loh jis tiks, leuh /, n. (used with a sing. or pl. v.) 1. the branch of military science and operations dealing with the procurement, supply, and maintenance of equipment, with the movement, evacuation, and hospitalization of personnel, with the … Universalium
Lean manufacturing — or lean production, which is often known simply as Lean , is the practice of a theory of production that considers the expenditure of resources for any means other than the creation of value for the presumed customer to be wasteful, and thus a… … Wikipedia
