1. The 7 Types of Waste (Muda)
- Overproduction: Manufacturing ahead of customer demand.
- Waiting: Idle time between sequential assembly steps.
- Transportation: Unnecessary material movement.
- Over-processing: Adding features not valued by the customer.
- Excess Inventory: Hidden carrying costs and obsolescence.
- Unnecessary Motion: Ergonomic inefficiency for workers.
- Defects: Scrap and rework costs.
2. The Modern JIT Paradox
While JIT minimizes working capital tied up in buffer inventory, black-swan events (geopolitical disruption, pandemic logistics bottlenecks) expose single-source vulnerability, pushing modern firms toward 'Just-in-Case' hybrid resilience.