The Kanban approach is an official business definition for a system of production and inventory control. It is based on the Japanese word for “visual signal” and was first developed by Toyota in the 1940s. The Kanban approach is a pull system, meaning that production is based on actual customer demand rather than forecasted demand. It uses visual signals to communicate when materials or products need to be replenished or produced. The Kanban approach is based on the principles of continuous improvement, waste reduction, and customer satisfaction. It encourages collaboration between teams and encourages them to focus on the customer’s needs. The Kanban approach also helps to reduce lead times and improve quality. It also helps to reduce inventory costs and increase the efficiency of production. The Kanban approach is a great way to ensure that production is meeting customer needs in a timely and cost-effective manner.
