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By Russell Wood
In the early 1950’s that great icon of manufacturing, Japan’s Toyota, almost went broke. With a failing economy, facing crippling union and labour market problems plus banks who would no longer provide funding, Toyota faced a brutal reality. Either re-invent itself fast, or close the doors forever.
That journey, and what came out of it which we now refer to as LEAN, or more correctly, the Toyota Production System, literally saved Toyota and made it what it is today. (A topic ...
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