What is a company that is successfully using JIT (Just In Time Inventory) systems in its operations? Describe the company briefly (product/services,...

Toyota is
an example of a company that uses JIT Inventory systems. It is growing more common for vehicle
companies to use JIT systems because of their practical benefits, but it is difficult to
maintain a solid balance between keeping up with demand and not building unnecessary
inventory.

Toyota is one of the pioneers of Six Sigma, which is a process to
reduce waste, eliminate excessive inventory and lead times, and standardize processes. The
standardization of processeswith very defined operator instructions, machinery in place to
automate as much as possible, and morehas allowed them to transition from attempting to predict
demand and hope it sells to being able to shift and accommodate demand and manufacture according
to what has an active purchase order.

This style of operation involves
having standardized components so that the same set of parts can be used in multiple products.
When a...