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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1004 |
Essay's paper body
The concept needed an effective freight management system (FMS); Ford's Today and Tomorrow (1926) describes one.
The technique was subsequently adopted and publicized by Toyota Motor Corporation of Japan as part of its Toyota Production System (TPS). It is hard for Japanese corporations to warehouse finished products and parts, due to the limited amount of land available for them...
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It is hard for Japanese corporations to warehouse finished products and parts, due to the limited amount of land available for them. Before the 1950s, this was thought to be a disadvantage because it forced the production lot size below the economic lot size. (An economic lot size is the number of identical products that should be produced, given the cost of changing the production process over to another product...
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