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Business Essay

1612 words - 7 pages

Toyota Corporation:
Toyota Company a big name in car manufacturing industry all over the world. Toyota was established in 1933 by Kiichoro toyoda. Toyota launches its first car engine in 1934 which was used in passenger car in 1935.since then Toyota manufactures many successful car engines and models and became one of the big multinational companies competing with big names of ford and Nissan. Toyota also starts producing truck, buses and robots. The head quarters of Toyota are in Toyota city Japan. Toyota is biggest in car producer in Asia and second largest in the world.
Vision of Toyota:
The vision of Toyota is to lead the path of mobility by facilitating the lives of people around the ...view middle of the document...

the production system which Toyota follows is Toyota production system which follows the rule of cost minimization by maintaining the quality which is also known as thinking production system.
Toyota has its own logistics system and it also provides logistics facilities to other companies as Toyota have expertise in transporting things more safely and quickly.
As Toyota follows the lean production system it also follows the rule of lean warehousing as well. To achieve its goal Toyota first gave training to its employees as it is their employees who will play important role to achieve the target. They are the one who can identify the problems and made the solution. To develop such ability in them they were trained. Their training involves to identify the value stream mapping and to analyze that which activities are waste in value stream. So after highlighting the waste it can be eliminated from the process which will result in reduced cost.
Once the waste is eliminated now its time to standardize the process of eliminating waste in such a way that is becomes easier for the employees to follow the process and maintaining the target of zero waste. However starandardizing does not mean that you make your employees as perfect as robots but to provide the bottom line every time from which they want to improve.
Material flow is another aspect of Toyota ware house which includes the in bound the internal material flow and outbound of goods in the warehouse. It mans that the good which are ordered or which is going to be delivered should be in right quantity at right time at right place. The whole process is so transparent that it is easy identify any error in the process which results in their success.
Picking error also occurs in warehouse so Toyota adopts latest voice picking technology to reduce error and save time and cost.
The structure of their warehouse is designed in such a way that the goods which are picked most are placed near even they are in less quantity.
They focus on continuous improvement of their warehouse as there is always a space for improvement.
Toyota has approximately 290 dealers in which 40000 sales people are employed and have 1400 sales and service outlet. Toyota keeps some distribution in its own hand and outsources the rest to other companies who have their expertise in believes that such an extensive distribution system is the main reason of its success.

Operations to achieve their vision:
The operations which are conducted by different department of Toyota is quite amazing. This is the reason they are one of the top companies in the world. How its operation took place we will discuss it step by step:
a) Production: Toyota production system is recommended one the best system which Toyota named as T P C. It comprises of the following parts:
* Lean manufacturing
* Just in time
* Kaizen
* Jikoda
* Kanban
* Andan
* Pull...

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