2. what sort of output would you want from the TPS?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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2. what sort of output would you want from the TPS?

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TPS or Toyota Production System is a system which was created by Toyota itself to monitor the growth of their operations involved in producing the final output. Initially, it gained recognition by the name of the "JIT - Just-In-Time" concept where production inventory was not stored for long and was utilized as soon as it arrived in the facility. This system helped in saving up the storage costs for inventory and increase workforce capability to generate more results and profit. 

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