What did Japanese engineer Taiichi Ono come up with?
Out of stock: supply chain crisis
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Taiichi Ono was a Japanese engineer who is credited with developing the Toyota Production System, also known as Just-in-Time (JIT) production. This system revolutionized manufacturing and supply chain management by focusing on reducing waste and optimizing production efficiency. It allowed companies to have better control over their inventory levels, resulting in reduced out-of-stock situations and minimizing supply chain crises.
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