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Yes, the principles of the Toyota Production System (TPS) can be applied to industries outside of manufacturing. The TPS is a management philosophy that seeks to eliminate waste and improve efficiency, which are goals that can be beneficial to any industry. For example, the healthcare industry has successfully applied TPS principles to reduce waste and improve patient care. Similarly, the service industry can apply TPS principles to streamline operations and improve customer service. However, the specific application of these principles may vary depending on the industry.
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Inventory can be one of the biggest areas for waste. It eats up capital, becomes obsolete, and takes up space and labor just sitting there. By minimizing the amount of inventory, companies can minimize much of the waste. Readers will learn that inventory is a factor as well as a reflection of the effectiveness of the overall manufacturing process.
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Taiichi Ohno, the inventor of the Toyota Production System and author of the book by the same name, offers readers lessons in thinking. Readers will l...
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