There has been a lot of speculation in the automotive industry about what the major groups are going to do with respect to production plans. We have seen both Ford and General Motors pull back from assembling passenger cars in the US in favour of higher profit margins on trucks and SUVs. There have also been reports about Toyota doing a similar thing where they have started to … [Read more...]
Just In Time Manufacturing
"Just In Time" manufacturing, like many concepts in the industry, has been around for 80 years or so. Henry Ford used an early version when he developed the first true production line and he didn’t want lots of money tied up in inventory. He had to bear in mind poor delivery methods which meant that he needed more inventory in storage than his production lines needed. One … [Read more...]