The 1970s played a pivotal role in the history of trade, shipping, and manufacturing. In this decade, Toyota Motor Corporation revolutionized the manufacturing world with the wide adoption of its Just-in-Time (JIT) production planning process.
Now, with the capabilities of highly accurate Demand Forecasting and modern technologies such as Machine Learning, the Container Shipping sector can also adopt the JIT framework and minimize storage, repositioning, stevedoring, handling and maintenance costs.
In the following article, you can learn more about the core aspects of the Just-in-Time planning process and how exactly Container Shipping Companies can improve their logistics operations and P&L by implementing JIT in their business.
Read the full article here.