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A small business can apply the concepts of the Toyota Production System (TPS) to improve their manufacturing process by focusing on eliminating waste, improving efficiency, and implementing just-in-time production. Firstly, they should identify and eliminate waste in their processes, such as excess inventory, which can tie up capital and resources. Secondly, they should strive for continuous improvement in their processes to enhance efficiency. Lastly, implementing just-in-time production can help to reduce waste and improve efficiency by producing only what is needed, when it is needed.
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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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