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Essay heading: just in time
 
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Issue: Business
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Date added: April 15, 2004
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No of pages / words: 4 / 1004
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Organization without logistic is almost impossible to run their business. Simply definition of logistics can be: "The time-related positioning of resources". The technique was first used by the Ford Motor Company as described explicitly by Henry Ford's My Life and Work (1923): "We have found in buying materials that it is not worthwhile to buy for other than immediate needs...
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We buy only enough to fit into the plan of production, taking into consideration the state of transportation at the time. If transportation were perfect and an even flow of materials could be assured, it would not be necessary to carry any stock whatsoever. The carloads of raw materials would arrive on schedule and in the planned order and amounts, and go from the railway cars into production...
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