The JIT Sky Didn’t Fall
What do the Chicken Littles at the WSJ have to say now? After the earthquake in Japan last week, the WSJ ran a predictable story about how JIT “backfired” on Toyota. They are back up and running. Their plan is to make up lost production over the course of the year through OT. I'm sure that's still cheaper (and better for quality) than having held large inventory stocks to protect them from a rare catastrophic event.
Toyota Motor Corp. said it will operate at all of its domestic factories on Wednesday after it had resumed partial production at some of its car assembly factories on Tuesday.