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Vansh Khandelwal

Stealthย โ€ขย 4m

Toyota's ๐‰๐ฎ๐ฌ๐ญ-๐ข๐ง-๐“๐ข๐ฆ๐ž (๐‰๐ˆ๐“) ๐ฆ๐จ๐๐ž๐ฅ revolutionized manufacturing by ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ข๐ง๐  ๐ ๐จ๐จ๐๐ฌ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐š๐œ๐ญ๐ฎ๐š๐ฅ ๐๐ž๐ฆ๐š๐ง๐ ๐ซ๐š๐ญ๐ก๐ž๐ซ ๐ญ๐ก๐š๐ง ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ๐ข๐ง๐ . This approach has several advantages. It streamlines the supply chain, ensuring materials arrive just in time, ๐ซ๐ž๐๐ฎ๐œ๐ข๐ง๐  ๐ฌ๐ญ๐จ๐ซ๐š๐ ๐ž ๐œ๐จ๐ฌ๐ญ๐ฌ and ๐ž๐ง๐ก๐š๐ง๐œ๐ข๐ง๐  ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ. JIT ๐ฆ๐ข๐ง๐ข๐ฆ๐ข๐ณ๐ž๐ฌ ๐๐š๐ฆ๐š๐ ๐ž ๐š๐ง๐ ๐ฐ๐š๐ฌ๐ญ๐ž by producing only what is needed, ๐ซ๐ž๐๐ฎ๐œ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ซ๐ข๐ฌ๐ค of inventory damage and losses from demand fluctuations. It also ๐œ๐ฎ๐ญ๐ฌ ๐œ๐จ๐ฌ๐ญ๐ฌ by eliminating overproduction, wasted capital, excessive inventory, and unnecessary resource allocation. However, JIT can be ๐ฏ๐ฎ๐ฅ๐ง๐ž๐ซ๐š๐›๐ฅ๐ž ๐ญ๐จ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐œ๐ก๐š๐ข๐ง ๐๐ข๐ฌ๐ซ๐ฎ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ. Complementary strategies like ๐Š๐š๐ง๐›๐š๐ง, ๐Š๐š๐ข๐ณ๐ž๐ง, and ๐‰๐ข๐๐จ๐ค๐š further enhance efficiency. These combined strategies help Toyota maintain a responsive and efficient production system

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