Industry Terms

A B C D E F G H I J K L M N O P R S T U V W Y

Kit: An inventory unit that is made of a number of seperate items with differing attributes.
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What is Kanban? History, Application & Example: What is Kanban? The term Kanban came into existence almost 50 years back when Taiichi Ohno, an engineer at Toyota Automotive, developed the first Kanban system to improve manufacturing efficiency. The idea of Kanban was taken from an unlikely inspiration, a supermarket. They noticed that supermarkets re-stocked an item according to the store’s supply and […]
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