2. Literature review and hypothesis
Robert W. Hall, one of the first American authors to describe the Japanese just-in-time production system, and coin
the terms ‘zero inventory’ and ‘stockless production’, did not of course mean that firms should literally run their
business without inventory: zero inventory implies zero input, throughput and output. Instead, Hall (1983, p. 1)
argued:
2. Literature review and hypothesisRobert W. Hall, one of the first American authors to describe the Japanese just-in-time production system, and cointhe terms ‘zero inventory’ and ‘stockless production’, did not of course mean that firms should literally run theirbusiness without inventory: zero inventory implies zero input, throughput and output. Instead, Hall (1983, p. 1)argued:
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