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Dirty Little Secrets
Another little secret of our industry is that we don't get our invoices out for an average of two weeks after delivering jobs. Walmart is making a profit on fast turns. We are not!
Taiichi Ohno, of Toyota, taught us the value of JIT—Just in Time inventory management. The shorter the time interval between receipt of raw materials and incorporation of them in the manufacturing process, the greater the profitability. Walton and Ohno both stressed the value of velocity.
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