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5 Performence Objective Of Toyota Essay

2640 words - 11 pages

Operation Management Assignment

Declaration of Plagiarism

Table of contents:|||||
1.0| Introduction|||||
2.0| Operations Management|||||
3.0| Toyota Production System (TPS c ) |||| |
4.0| Just in Time Inventory Management|||||
5.0| Lean Manufacturing|||||
6.0| Supply Chain Management|||||
7.0| Conclusion|||||
References|||||

1.0 Introduction

The success of Toyota Motor Company is due to the unique reduction systems that focus on continuous improvement and just in time management. Toyota has created a decentralised structure that encourages employee participation and team working. Toyota incorporated concepts ...view middle of the document...

The lean manufacturing practices have made Toyota achieve low cost production and allowed them to manufacture high quality cars at lowered costs. This report looks at how operations management techniques such as supply chain management and inventory management have led to efficiency and profitability at the Toyota Motor Company.

2.0 Operations Management

The study of operations management looks at the production of quality goods and service. The aim of this discipline is to create efficient and effective business operations. Operation management seeks to ensure the efficient management of resources along with
the distribution of goods and services. Operation management seeks to enhance manufacturing performance and this study has proposed various techniques and a heoretical framework to achieve this goals. These techniques include quality management (TQM), just in time (JIT) or Leaning manufacturing. Other concepts in the field of operations management include six sigma and supply chain management.

The competitive pressure for improved product quality has led to numerous operations paradigms emerging/ the most significant ones include Just in Time, Total Quality Management (TQM) AND Supply chain management (SCM). JIT seeks to eliminate waste and recue setup times, it also controls the material flows and focuses on effective resource utilisation. The TQM philosophy looks at developing a corporate culture that is customer focused empowers employees and seeks continuous improvement. The supply chain management integrates buyers and suppliers decision-making to improve the flow of materials in the supply chain. The JIT, TQM and SCM approaches improve the effectiveness and efficiency of the operations function (Kannan & Tan, 2005).

3.0 Toyota Production System (TPS)

The TPS lead to the lean production movement that emphasises on eliminating waste from value streams. This production system is highly standardised. The production systems have buffers that are controlled through various pull signals. The lean production is very efficient and greatly improves quality that has given Toyota an edge in the global automobile markets.

Toyota’s success as an automaker in the world is based on its expertise in creating a unique production system. This TPS is based on the principles of continuous improvement also known as Kaizen. The Toyota company has a highly decentralised workforce which is highly trained and takes part in the decision making process. The TPS consists of most successful Japanese production and work practices. This approach was developed by Sakichi
Toyoda the founder of Toyota who pioneered the TPS. It was Taciichi Ohno that created the Just in Time (JIT) production systems. The JIT approach made Toyota more efficient and these techniques also incorporated total quality control, statistical process control and quality circles.

The Toyota manufacturing system is characterised by a continuous flow of...

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