Every single part of your car or your smartphone to the Assembly Line at precisely the time it is needed that because time is money in more ways than one and thats all topic today on mate ill just in time economy and how it shapes our behavior. In the car industry one third of all paws needed to make a car is delivered to the production line just in time those are billions of tons of goods that do not need costly wow space at the factory and said roads around the world have become the car industrys warehouses and the volume of goods delivered just in time will double in the next five years my colleague mario on who had a closer look at how it works at one of germanys most prestigious car makers pasha. The latest delivery pulls up at the porsche plant just half an hour before its needed. Lets face it theres nothing the delivery is taken straight from the truck to the production line. This is one of our system suppliers so the firm produced these wells as soon as we ordered them. Up to the plant in leipsic has no Storage Facilities trucks run loaded and parts are brought straight to the Assembly Line all components are supplied in the right versions and colors just in time. So what happens when a part is defective does production grind to a halt. Does this type say yes thats why these systems only work when you have highly qualified suppliers in place. For food the system also requires constant Quality Control if a defective component isnt discovered in time it can get expensive outside work continues trucks are constantly driving back and forth between supplier and plant i do turner eleven trips a day as soon as one truck load is done the next the rives and im off again. The tire manufacturer is just a few kilometers away but other porsche components come from further afield industry basically uses the trucks of logistics firms as Rolling Storage space but thats risky its easy theres always a chance that something will go wrong with one of the suppliers there might be a tail back on the freeway for example so these days carmakers really do their homework is that supplier located in an area thats vulnerable to earthquakes or flows for example. Natural disasters are a nightmare for logistics experts but now theres a new challenge on the horizon britains plans to leave the European Union could mean new border controls throwing off fine tuned delivery chains then there are other risks like strikes at suppliers or suppliers who grow too powerful three years ago Assembly Lines at volkswagen ground to a halt when a subcontractor stopped delivering parts during a dispute some experts say that actually makes just in time delivery potentially more expensive than warehouses with car factories are under huge cost pressure because special deliveries and production shifts have to be planned at increasingly short notice i believe weve already passed the sweet spot under this system but thats highly controversial. Porsche disagrees the german car maker wants to refine delivery change even more and have robots bring the parts from truck to production line there are around two thousand components in the average car thats not including special paints or other Customization Options keeping all of that and stock the company says is simply too expensive. For you when you see here is enough to last for twenty or thirty minutes when thats gone the next truck arrives but what if it doesnt has the industry grown too vulnerable how often does something go wrong. I didnt want to say every couple of years we have to have something flown into the factory by helicopter but thats nothing compared to the drawbacks the long term Storage Facilities would pose. Maybe although this porsche factory also came to a standstill one day last january the reason workers at a supplier in hungary decided to go on strike. Just in time production is nothing new it was Japanese Comic that first developed this supply Chain Management system to hans efficiency and profitability by the nineteen seventies that it caught on with many manufacturers around the globe these days it is widely considered standard practice. Ichiro toyota said himself an ambitious target he wanted to challenge american carmakers and the supremacy they had enjoyed since henry ford success decades previously the u. S. Had a giant domestic market ample funding and lots of space but land in japan was limited and expensive and later there was little capital available in a country devastated by the Second World War what toyota needed was a good idea. First and foremost efficiency and minimum waste no mass production and no stockpiling of cars has seen it ford in the one nine hundred seventy s. The Toyota Motor Corporation applied those principles throughout its supply Chain Management keeping lots of car parts and stock car space electricity and labor and was therefore abandoned instead suppliers were to deliver the parts shortly before assembly the just in time production method. These days the auto maker founded by ke Ichiro Toyota is one of the most profitable in the world. And the just in time for toyota Production System has been the Industry Standard for years. Just in time production can also mean that on occasion efficiency plays second fiddle to punctuality and that means a lot of trucks on the road a little right on the way back now tech startup called cargo next developed a tool called money to increase utilization rights and decrease transport costs by joining the Virtual World of Artificial Intelligence its a very real world of trucking. It might be hard to believe but one in three trucks out on the roads of germany has no freight on board in many cases after dropping off cargo drivers have nothing to pick up for the return journey thats bad for business and the environment. But hope is at hand in the shape of multidimensional Artificial Neural Network intelligence or money for short money is an algorithm that works autonomously with the help of several million items of data provided by shipping companies. It learns from experience that learns to predict where the trucks will be headed and how to determine prices in advance it also learns how to combine trips. Because we have the technology on the one hand and real world trucks on the other. So joining the two is pretty complicated as this is. An example of fully laden truck drives from a to b. Normally it would return that money knows that transportation will be needed not far from the end just a couple of hours time that enables the truck to make the return trip with cargo on board. This sector has a very traditional structure. People tend to be wary when we talk about using a i. In what way opposite of theyre skeptical about whether it works whether its reliable whether you can trust it. Another potential hurdle to use Money Companies have to access a website operated by car going to customers and to the specifics of it inside transport request online and money determines the most suitable option for a fee the system determines what the Trucking Firm earns based on past rates. So how does this Artificial Intelligence manage in the real world this Trucking Company in hamburg started using money a few months ago it has trucks on the road all over europe. So those car will next thanks to cargo next weve been able to reduce our empty runs to fifteen percent. Uncanny live with the prices. Its mind well its not like were getting overpaid thats for sure. Take up the price is pretty close some firms will benefit others not so much. But its worth it for us. Six thousand Freight Companies have already signed up with the system finding it to be effective however could make them dependent on money even carbon next free reign to become the uber of the logistics sector. And the kind of the rules and of the horse where you dont want to see a monopoly but demand is so high that everyone can work it out for themselves. You know if we did and straightforward as can decide for themselves how much business they do with us there are no contractual obligations if each trip is negotiated from scratch. So its up to each company how they use it. More uses the money means fewer trips and hopefully less traffic a system with the potential to revolutionize the freight hauling sector. Very clever most People Living in industrialized nations put in a few hours a week then generations of workers before the and yet many of us feel we never have enough time to write is characterized by stress of our day to day lives and time pressure in the workplace it all began when instead of being guided by the sun human beings decided to run their lives according to measure the time. It was that. The cruel rule of the clock. Centuries ago and in some parts of the world to this day farm hands sometimes had extended breaks. Because people followed the natural clock. The working day was configured by the weather the seasons and body rhythms. Until the advent of the mechanical clock it put paid to not true rhythms replacing them with a single relentless beat. Sixty seconds in one minute with a manmade clock now dictating time in Europe Christian monks are credited with inventing the first mechanical clock more than six hundred but this method of timekeeping sparked many a monastery fire meanwhile merchants in milan florence and venice were quick to spot the benefits of mechanical timekeeping it meant optimized Business Management and higher profits the american inventor and later founding father Benjamin Franklin coined the term time is money in seven hundred forty eight oclock became the heart rate of the Industrial Revolution but it meant exact working hours and in the banking enabled the concept of futures trading money became a time factor. But initially the time wasnt the same everywhere not even in villages a few kilometers apart train drivers and passengers had to adjust their pocket watches from station to station so functioning timetables were impossible at the same time the pace of life excel aerated as people increasingly face the race against the clock more tasks to do every hour more places to travel to and more to consume every day the internet has made everything available everywhere every second of the day or night. People may appear to have more Time Available today than ever before but many feel more rushed than ever before and. Thats why more and more people now long to return to nature when it comes to work and life rhythms. To the gentle pete and their own internal clock. Would be nice working hard is considered a virtue here in germany many people put in a lot of overtime for pay regularly exceeding the legal limits in some Asian Countries the situation is even worse with over time accepted as part of the work ethic but increasingly employees are feeling the physical and mental strain of trying to keep up the pay the pretty high price for it. So the capital of south korea and hub of its economy a country where the pressure on workers to perform is immense pressure that eventually became too much when. I used to work at the bank but it was a pleasure as there actually is a new procedure our oil but the stress level i thought i could handle it anymore but most of koreans said you know the way i just changed the my job. She now teaches korean to Foreign Workers living in the country like australian christopher receives he. Defines the work ethic of his korean colleagues remarkable. Koreans are extremely dedicated to the work even on weekends they will spend time with customers south koreas economy has undergone a remarkable transformation over the past half century. Since one thousand nine hundred five alone its Gross Domestic Product has grown more than ten fold. And quarks next student is british journalist paul carey. Hes the editor of the countrys biggest english language newspaper and can testify to the pressure his own staff are under. Your working on a kind of in an office job where you have to get certain things done and it is task based then theres a kind of implication that youre going to be working on paid overtime just to get the job done pressure at work pressure in School Pressure in Society South Korea has one of the highest suicide rates in the world. Also among those for whom the relentless pressure and enormous workload became too much is american Christopher Ward who ended up quitting have already had the. Amount of work we had to do couldnt reasonably be finished in that time that you would normally expect a work week to be there were months at a time where i wouldnt expect to get home before ten oclock at night there were times where i stated. Midnight there were times where i didnt go home. And this was not too uncommon in our department and other departments as well. The countrys birthrate also seems to be suffering under the excessive work demands and the fact that many more women not choose their career over having a family. Brazilian College Professor somebody who is aware of the problem and feel sympathy for her students. They suffer a lot their best lives are very hard they have a hard time very need a personal time and they are very anxious about the future a future is not guaranteed at all so they dont know. As much as they work hard nothings guaranteed. Students from outside asia do seem to have a different mentality. A final lesson today is with the woman from japan. The workload in south korea is little different from that she knows from her homeland. Parents in the country are you from originally what has to pan out as a very very similar actually. Compared to the country i. Found right before in korea which was a us three different Korean People are very very committed. Hard worker they spend long hours at work and they make sure they. Get things done. And quite still works long hours but uns way less the upside is the better quality of life to go through or around eight am and i never knew when i was going to finish i have never had any personal life afterwards because you know sometimes you just finish ten pm or sometimes it could be midnight so you never you know. Plan to do something for yourself. Now she does have the time to do that and has no regrets about her decision to leave the relentless and exhausting wreck race. When it comes to add travel you and i probably find an upgrade to Business Class very much an experience of rare luxury but if time is really of the essence not even first class will solve your problem because regardless of claws fly passengers all which their destination at the same time and theyre obliged to stand in the same shoes thats why entrepreneurs and captains of industry prefer a private play betterments company has three. Getting an eight million euro Cessna Citation ready for takeoff its just one of three jets serving this company together with dedicated pilots the boss arrives and is running five minutes late. Better mine is headed for a business appointment in switzerland and will be at the controls himself today the plane built in two thousand and fourteen has a top speed of seven hundred sixty kilometers an hour. But a months destination is one of the firms production sites. Seven hundred kilometers away. Its a convenient way of getting from a to b. And making all those meetings going from design. Folk a loan takes an hour and a half in the car plus traffic hold ups so it really simplifies things there isnt a lot. In that a mans world time is money the same trip with a commercial flight would take three hours that a man needs just one hour to reach switzerland thanks to this company jet. His firm oh bobette im on produces cable routing systems Power Sockets and galvanise theres the family owned business has a workforce of four thousand at eight locations worldwide the c. E. O. Makes frequent trips to the companys production science and partners around the world as do his senior managers at once if theres this what makes it worthwhile for us is that our headquarters as some distance away from cities served by commercial airports that was also a reason why we bought the mend an airfield many years ago from the local authorities call them. The skys the limit when you have your own airport just a few kilometers away from Company Headquarters the jets are more expensive option than commercial flights fully tanked from germany they can fly as far as istanbul at a cost of five thousand euros just for the fuel. Its a price the c. E. O. Is happy to pay. And the same applies for the Environmental Impact from c o two emissions. If they go. Well if you project that onto the life cycle of a plane like this then its minimal probably on the scale of a cow. But jet fuel produces huge emissions right. Is that yes but its combusted one hundred percent. I cant tell you the official levels theyre very low and it was. Another meeting to get to the plane is waiting for better man spending hours in a car is not an option. A final technical check. Theyre off to an evening event with the Business Partner less than one hundred kilometers away. Better months companion dock veba is joining him. To make a difference firstly it tends to be a quieter ride secondly its really comfortable so its much more enjoyable. This evenings destination is on and off flight time fifteen minutes and no need to worry about parking this airfield belo